Open the desired photo in Photo Shop

Go to Image >Image Size

Arrow showing a huge file size of 56.1 Mb
longest side = 3836 pixels

Change Resolution to 72
Change longest Side (Width) to 600 pixels.
Having the Contrain Proportions boxed checked will allow the photo to resize evenly
To Save a resized copy

Go to File>Save As

Click on the desired folder to Save in
Choose Format: JPEG
Check off Save: As a copy
Click on: Save

Move the file size slider to 7 or 8
Your file size will appear under Size
Click on OK

This box will pop up when you close your original photo
Suggest clicking NO and saving your original
Photoshop Elements Save For Web Tutorial