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Mike Mancini discusses his ongoing struggle with managing receipts accumulated throughout the month or year. He receives numerous physical and digital receipts daily, which he typically tosses into a box, leading to disorganization. As tax season approaches, he faces the daunting task of sorting through these receipts. Additionally, he mentions receiving multiple email receipts daily, which he often prints and organizes into a book. Ultimately, this chaotic process culminates in a stressful visit to his accountant's office with disorganized folders of receipts. In response to this challenge, Mancini promises a quick five-minute hack to help simplify and manage receipt organization effectively.