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In this video tutorial, the creator demonstrates how to make a customizable budget template that automates calculations based on user input, showing remaining amounts in each category and adjusting for different months via a drop-down menu. The process takes less than 15 minutes to complete. The tutorial encourages viewers to subscribe and hit the notification bell to receive updates on new weekly videos. The first step involves creating a transaction table, which includes headers for month, date, transaction description, transaction category, and income value. Viewers are encouraged to tailor the headers to their preferences.