If you follow a similar pattern to post each of the posts of your website, you can clone the previous post and update with new content. It's an easy way to format a post effectively.
But WordPress do not have any default option to clone the posts from dashboard. Using WordPress Clone Plugins, you can easily clone a post in your WordPress Website.
It will save your time and reduce the hard work as well. If you don't know how to set up the method on your WordPress website, you can follow this step by step guide.