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Mike Mancini shares a quick five-minute hack to manage the clutter of receipts that accumulate at the end of each month or year. He describes his struggle with the numerous receipts he collects daily from meals, client meetings, and various expenses, often tossing them into a box for later sorting, especially during tax season. In addition, he receives several digital receipts daily, which he sometimes has to print and organize in a book. This process leads to overwhelm come tax time, as he ends up bringing folders filled with receipts to his accountant. The video aims to provide a solution for simplifying this daunting task.