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Mike Mancini shares a five-minute hack to manage his overwhelming collection of receipts accumulated throughout the month or year. He discusses his routine of collecting numerous receipts from daily expenses, including meals and parking, which often end up thrown in a box. During tax season, this creates a significant challenge, as he has to sift through them. Additionally, he notes that he receives several digital receipts daily, which he often prints and organizes in folders. The tutorial focuses on simplifying the receipt management process, ultimately making tax preparation more efficient.