Edit a reusable template

Hi Community! I'm trying to make the transition from how CC handles templates compared to my former email tool. I understand how the process starts out by creating an email - generically, no real content - and then saving that as a template. Got it. When I wanted to update my template, here's what I did: 1. Create a new email from the saved template 2. Edit the "email" 3. Save the "email" 4. Use the "Save as Template" to get it into the list of (my) saved templates 5. Find the previous version of the now updated template 6. Delete the previous version of the template Is that how you manage template updates in CC?