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Mike Mancini shares a quick five-minute hack to manage the overwhelming number of receipts he accumulates every month and year. He highlights the issue of dealing with endless paper receipts from daily activities, such as meals and client meetings, which he simply throws into a box and sorts through during tax season. Additionally, he receives five to six digital receipts daily in his email, complicating his organization efforts as he often prints these out and stores them in a book. By the end of the year, he finds himself bringing numerous folders filled with receipts to his accountant's office.