I would like to save and transfer My Favourites over to a new computer. How would I do this?

MIE:
Go Start > Run > favorites
Copy all files in that folder.
Repeast procedure on other computer and paste files.

FF:
Go to following path:
C:\Program Files\Mozilla Firefox\defaults\profile

Copy bookmarks.html, paste in same folder on other computer.

My suggestion is for you to buy a fairly cheap
U S B.
Use Windows Explorer for the transfers.

Rolcam

Import and Export Favorites (http://www.kent.k12.wa.us/KSD/IT/TSC/managing/hardware/desktops/import_export.htm)

Once you have exported your favorites, copy to flash drive and move to other computer and then use the import button and you can import the favorites just saved on 1st PC to 2nd