JavaScript Masterclass - Zero to Job-Ready with Hands-On Projects - Project Demo / 229

This video tutorial introduces a project to build a budget tracker using JavaScript. It covers adding transactions, updating statistics, and using local storage for data persistence. The project is divided into two phases: creating the template and focusing on JavaScript. The tutorial emphasizes understanding math and calculations, and it provides a demo of the application. The video concludes with an invitation to start building the budget tracker in the next lecture.

Explain how time tracking is implemented in the budget tracker.

What are the two phases of the project as mentioned in the text?