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Mike Mancini introduces a five-minute hack to manage the accumulation of receipts, which often leads to disorganization by the end of the month or year. He shares his challenges of collecting numerous receipts daily from lunches, client meetings, and various expenses, which typically end up stuffed in a box for later sorting during tax season. Additionally, he notes the influx of digital receipts received via email that he must print and organize. By implementing a more organized system, he aims to simplify this process and prevent the stress of dealing with piles of receipts when meeting with his accountant.