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In this video tutorial, the presenter teaches viewers how to create an automated budget template that updates based on user input in a tracker and displays remaining funds in each category depending on the selected month. The process takes less than 15 minutes. The tutorial begins with a request for viewers to subscribe and enable notifications for new weekly content. The first step is to create a table for entering transactions, which includes headers such as month, date, transaction description, category, and income value. Viewers are encouraged to personalize their headers as needed.