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In this tutorial, Simon shows how to reduce the size of Excel files as data and complexity increase, causing the file size to also increase. Excel files can range from a few kilobytes to a few megabytes, making them slow and difficult to share. One way to reduce the file size is by saving it as a binary spreadsheet, which can be done by navigating to file, clicking on save as, entering the file name and location, and selecting the Excel binary workbook option.