When should I store a function into a variable?

Usually I’ll only use a var funcName = function(){} when I would need to redefine the action(s) for that function later on. For example:

var foo = function(a){ return a * 2; }
var bar = foo(2);

foo = function(a){ return a / 2; }

bar = foo(bar);

Otherwise, for most purposes (assuming it’s not a callback or a modifier) declaring a function “classically” is usually acceptable.