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There are three things you can edit here:  Set how often you want to receive subscription emails—YouTube can email you a summary of all your subscriptions, and if you click the drop-down menu for this option, you can select how often you want to receive these emails by clicking on the option that suits you best. Get notifications for YouTube events—If you want to receive emails when there is a YouTube Live Event just tick the check box next to this option. Get notifications for when you subscribe to new channels—If you want to receive notifications whenever you subscribe to a new channel, just tick the check box next to this option. You have 6 options to choose from under this heading. All are check boxes, just tick the ones you’d like to get:  “Someone subscribes to my channel”—This is a great way to get an idea of how many subscribers you are getting per day. “Someone leaves a comment on my channel”—If you keep this, and the next two options, checked, you will be able to respond much quicker to people who want to get in touch with you. “Someone leaves a comment on my private video or responds to my comments on a private video.” “I receive a private message.” “My video upload is complete”—This will give you an idea on how long it takes to upload a video with your connection. “Community actions are updated or require my attention”—This is especially useful if you are active in the YouTube community. There are 3 choices depending on what newsletter you want to receive from YouTube. Again, these are check boxes, just tick on the option you want:  Receive “All YouTube newsletters” Receive newsletters for “General Updates” Receive newsletters only for what’s “Popular on YouTube.” The next option lets you select the language your email will be in. It is a drop-down menu, so just click on the default language and select the one that suits your email needs. When you are done, scroll to the top of the page and click the blue “Save” button on the right side of the screen. This will save the changes to your account.

Summary:
Receive emails about your subscriptions. Receive notifications for your channels, videos, and comments. Receive the YouTube Newsletter. Select a language. Save your new settings.