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Mike Mancini shares a quick five-minute hack to manage the overwhelming number of receipts he collects monthly and yearly. He explains that he often receives receipts for meals, client meetings, and various expenses, which end up in a box. The challenge arises during tax season when he has to sort through them all. Additionally, he frequently receives digital receipts in his email, which he prints out and organizes in folders. By implementing a more efficient system, Mike aims to simplify this process and reduce the stress associated with preparing for tax time.