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In this tutorial by Kissa from Good Wordi, viewers learn how to use a free budget template. The template includes sections for income and expenses, with a monthly breakdown and a year total displayed at the top. Under the income section, users find a row for total income, while the expenses section includes total expenses and a calculation for disposable income, which is the amount remaining after expenses are deducted from total income. Kissa demonstrates how to input data, using an example salary of $2,000 for January, guiding users through the process of budgeting effectively.