Steps
1. Install Audacity
2. Search for "sound" in search bar, press enter.
3. Click Recording tab.
4. Select your microphone.
5. Select Properties
6. Select Listen tab.
7. Select checkbox for "Listen to this device"
8. Click Apply, then okay.
9. In Audacity, ensure the following settings/parameters are selected.
10. Windows WASAPI, your headphones/speakers to record, dual stereo, and your output speaker to listen to what your recorded.
11. Now, press the red recording button (psst... it's a red circle :) )
12. Now, you should see your microphone and speaker recording!
Have fun recording! Let me know if you need anything.