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In this tutorial, you'll learn how to create an automated budget template that updates based on your entries in a tracker. The template will display the remaining balance for each category and adjust according to the selected month from a drop-down list. The entire process can be completed in under 15 minutes. The video starts with a prompt to subscribe and turn on notifications for weekly uploads, and encourages viewers to like and comment. The first step involves creating a transaction table with headers, including month, date, transaction description, category, and income value.