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In this video tutorial, the presenter teaches viewers how to create an automated budget template that adjusts based on user input and allows for monthly tracking through a drop-down menu. This process can be completed in under 15 minutes. The tutorial begins with a request for viewers to subscribe and activate notifications for new content, which is released weekly, and encourages likes and comments. The initial step involves creating a transaction table by adding headers including month, date, transaction description, transaction category, and income value.