How to adjust and save text formatting?

A couple of thoughts here, Rachel:

1. When defining tabs, it is helpful to work with text symbols showing. We can't tell from your first screen shot if there is a tab between the hollow circle and the text, or not.
2. You have a lot of tab stops defined in your second screen shot. I would remove all of them and start over. (Use Paragraph Designer > Basic > Edit > Delete All > Continue > Update Style.

Then, set up the level 1 bullet with a single tab character on the line and single tab stop in the ruler/Paragraph designer. The Left indent should match the tab stop so that you will have a hanging indent for text that wraps to a second line. You can add tabs and set indents either in Paragraph Designer > Basic > or by working in the ruler, but always choose Update Style and remove any overrides when you get the look you want.

Once that is working again, change the name and click on Create Style to create a level 2 bullet. Change the First line indent to match the tab stop for the level one bullet, and increase the Left indent and tab stop. Again, the Left indent and tab stop values should match to give you a hanging indent. Choose Update Style and remove any overrides.

~Barb

That sounds like you are applying manual overrides to the formatting of the paragraph tag for Bullet 1 and Bullet 2 - you should "bake in" your changes into the paragraph tag settings so it can be used elsewhere as a template or format import.