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In this video tutorial, the presenter demonstrates how to create a budget for a research proposal using Microsoft Word. While Excel can also be used for a more sophisticated budget, Word offers a straightforward alternative. The process begins with establishing a clear heading, followed by stating the source of funding (e.g., faculty endowment fund or personal financing). The budget table should include columns for item description, explanation, and cost. The explanation column is crucial as it provides context for budget items, ensuring clarity for readers who may not recall details from the method section regarding roles, such as that of a research assistant.