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In this tutorial, Simon explains how to reduce the size of Excel files as they become larger and more complex. Excel file sizes can range from a few kilobytes to a few megabytes, making them slow and difficult to share. One way to reduce file size is by saving the file as a binary spreadsheet, which can be done by navigating to File, clicking on Save As, entering a file name and location, selecting the Excel binary workbook option, and clicking Save.