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Subscribe to Simon Says and click on the Bell icon for notifications. In this tutorial, learn how to reduce the size of Excel files to improve performance. Excel files can vary in size from kilobytes to megabytes, making them slow and difficult to share. One way to reduce file size is by saving as a binary spreadsheet. Simply navigate to file, save as, select Excel binary workbook option, and save. This will help manage large amounts of data and improve file accessibility.