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Subscribe and click on the Bell icon to receive notifications. In this tutorial, learn how to reduce the size of Excel files as data and complexity increase, making them slow and difficult to share. Excel files can range from a few kilobytes to a few megabytes. One way to reduce the size is by saving the file as a binary spreadsheet, which can be done by navigating to File, clicking on Save As, entering a file name and location, selecting Excel binary workbook option, and clicking Save.