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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 they become more complex and data is added, leading to slower performance. Excel files can range from a few kilobytes to megabytes, making sharing difficult. To reduce the file size, save the file as a binary spreadsheet by navigating to File, Save As, entering a file name and location, and selecting Excel binary workbook option from the save as Pane. Save the file to reduce its size.