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Mike Mancini shares a quick, effective hack for managing receipts, which can pile up at the end of each month or year. He describes the common issue of accumulating numerous physical receipts from lunches, client meetings, and other expenses, typically thrown into boxes for later sorting during tax season. He also notes receiving multiple electronic receipts daily, requiring printing and organization. To alleviate this stress, he emphasizes the importance of a systematic approach to handle receipts efficiently before meeting with his accountant each year.