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In this tutorial, the presenter teaches viewers how to create an automated budget template that updates based on entries in a tracker. The template shows remaining funds in each category and adjusts according to the selected month from a drop-down list. The process is designed to take less than 15 minutes. The video encourages viewers to subscribe and enable notifications for weekly updates, as well as to like the video and share how they discovered the channel. The first step involves creating a transaction table with specific headers, including month, date, description, transaction category, and income values.