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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 as data and complexity increase. Excel files can range from kilobytes to megabytes, causing them to be slow and hard to share. To reduce the file size, save it as a binary spreadsheet by navigating to "File," clicking "Save As," entering the file name and location, choosing the Excel binary workbook option, and clicking "Save."