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In this video, the creator demonstrates how to create a budget template that automates calculations based on user input. The template shows the remaining money in each category and adjusts according to the selected month from a drop-down list. The tutorial promises completion in less than 15 minutes. Viewers are encouraged to subscribe and activate notifications for weekly updates and to engage with likes and comments. The process begins with setting up a transaction table that includes headers such as month, date, transaction description, category, and income value.