AutoSave is no longer an option

AutoSave is no longer an option for Word and Excel (I'm guessing the whole Office packet... that I already purchased, I might add) after this latest update unless I put it on the Cloud. If I wanted all my schooling documents and Spreadsheets on OneDrive, I would have put it there! I think it's pretty lousy and a touch of "big brothery" to require us to upload everything to the cloud to have access to features that we had been using all along. Was this just an oversight for this latest update, or is Microsoft getting kind of creepy on us? I'd like this back, please.