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In this video, the host welcomes viewers, both new and returning, to another episode focused on risk, money, and insurance. The aim is to discuss budgeting as it's the start of the year. The tutorial will cover two types of budgets. Viewers are encouraged to subscribe and enable notifications for future videos, which are posted every Thursday at 7 PM. The main content involves demonstrating budget creation using an Excel spreadsheet, showcasing what an effective budget should look like.