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In this video tutorial, the host explains how to create an automated budget template in under 15 minutes. The template will adjust based on user inputs and display remaining funds in each category, changing with the selected month from a drop-down list. The tutorial begins with a request for viewers to subscribe and enable notifications for weekly content. The first step involves creating a transaction table with specific headers: month, date, transaction description, transaction category, and income value. Viewers are encouraged to customize the headers as per their preference.