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Mike Mancini shares a quick five-minute hack to tackle the overwhelming task of managing receipts, particularly at the end of each month or year. As someone constantly on the go, he accumulates numerous receipts from meals, client meetings, and other expenses, which he typically throws into a box. This method leads to chaos when tax season arrives, requiring him to sift through a pile of receipts. Additionally, he receives several digital receipts daily that he must print out and organize. To streamline the process, Mike offers a solution to simplify receipt management, ensuring more efficient organization and preparation for tax filing.