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Mike Mancini shares a quick five-minute hack to manage monthly and yearly receipts, which often accumulate in boxes. He discusses his struggle with receiving numerous physical and email receipts daily, leading to chaos during tax season. Instead of tossing them in a box, which complicates organization, he aims to simplify the process. He mentions meeting clients and dealing with various receipts from meals and parking, ultimately resulting in a cumbersome folder for his accountant. The video promises a solution to streamline handling and organizing receipts effectively.