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In this video tutorial, viewers will learn how to create an automated budget template that updates based on user entries. The template will show remaining funds in each category and adjust according to the selected month from a drop-down list. The entire process can be completed in under 15 minutes. Before starting, the host encourages viewers to subscribe and click the notification bell for weekly updates, and invites them to like the video and share how they found the channel. The tutorial begins with creating a transaction table by adding headers, including month, date, transaction description, category, and income value.