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Mike Mancini introduces a five-minute hack to manage the overwhelming number of receipts he collects monthly and yearly. Constantly on the go, he accumulates receipts from lunches, client meetings, and more, which end up thrown into a box. This leads to chaos during tax season when he must sort through them all. Additionally, he receives multiple electronic receipts daily, complicating his organization further. Instead of dealing with receipts at the year's end, he aims to streamline the process, reducing stress when meeting with his accountant by maintaining better receipt organization throughout the year.