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In this video tutorial, the creator teaches viewers how to make an automated budget template that updates based on user input in a tracker. This template will display remaining funds in each category and adjust according to the selected month from a drop-down list. The tutorial promises to be completed in under 15 minutes. Viewers are encouraged to subscribe and enable notifications for weekly content, as well as to like and comment on the video. The first step involves creating a transaction table with specified headers for month, date, description, category, and income value.