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In this video, Caitlin from Simply Organized Home introduces the new 2023 digital budget template, designed to operate on Google Sheets using the "buy paycheck" method. She encourages viewers interested in the template to check the description for links. Caitlin provides an overview of the template, highlighting that users will first see the pay period budget upon accessing it. To make personal changes, viewers need to create a copy of the template by going to the file menu and selecting "make a copy," allowing them to rename it and customize it for their family's budgeting needs.