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In this tutorial, the presenter demonstrates how to create a budget template that automatically updates based on user input. The template will show the remaining balance for each category and adapt according to the selected month from a drop-down list. The process is designed to be completed in under 15 minutes. The video encourages viewers to subscribe for weekly updates and engage by liking the video and commenting. The tutorial begins with setting up a transaction table, which includes headings for month, date, transaction description, category, and income value.