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In this video tutorial, viewers will learn to create an automated budget template that tracks expenses and income based on user input. The template updates the remaining budget for each category and changes according to the selected month from a drop-down list. The process is designed to be completed in under 15 minutes. The presenter encourages viewers to subscribe and enable notifications for weekly content updates. The initial step involves setting up a transaction table, including headers for month, date, transaction description, transaction category, and income value, allowing for personalized adjustments.