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In this video, the creator shares their process for creating a yearly financial plan, which began three years ago after recognizing the need for a spreadsheet to track expenses. This financial plan helps identify areas for increased or decreased spending and is essential for achieving financial goals. The creator's spreadsheet has evolved over time, and they plan to build a new one during the tutorial. They will provide a link to the Google Sheet for viewers to download and customize for their own needs. The main goal of maintaining the spreadsheet is to ensure a comprehensive overview of finances at any time, including a running total.