Non-CEE, take the loading phase for 2 weeks, then stay off for about 3.5.
For CEE, take the recommended loading phase for 3 weeks, off for three.
THese are the most economical ways of taking creatine.
For weight loss goals, it probably will not help much. And the water it retains will indeed make you slightly more jiggly. Nothing can be done about it, the creatine-phosphogen molecule binds to water molecules.
I'm not a big fan of CEE, I use regular mono hydrate. I'm a competitive lifter, so I'm a bit picky.
I use AST's but you can use something cheaper for most applications.
http://ast-ss.com/products/productpage.asp?prodid=18
If your idea is to cut fat, you may want to post what you do currently. Creatine isn't going to be the best option for your goals, I'm pretty sure.