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In this tutorial, Simon explains how to reduce the size of Excel files as they become larger and more complex. Excel files can range from kilobytes to megabytes, and with more data, they can slow down and become difficult to share. One way to reduce the size is by saving the file as a binary spreadsheet. To do this, go to File, Save As, enter file name and location, select Excel binary workbook option, and click Save. This will help make sharing and working with the Excel file more manageable.