Why use a password manager? Why not?

In light of recent news that a popular e-commerce site was hacked, the use of password manager programs is becoming more talked about in circles outside the tech world. But why use a password manager?

If you currently use more than three different passwords, a password manager can help you use the right type of passwords, not your pet's name followed by the year you graduated high school (admit it, one or more of your passwords looks like this).

Password managers work by storing all of the password information for the websites you use in an encrypted file, managed by a single application or web-based service.
The password manger remembers all of your login info for you, so you can make all of your passwords super secure strings of meaningless alphanumerical sequences without having to actually memorize them!

Tech blog Gizmodo has listed their pick for the top password manager programs, check out the article and consider giving one of them a try!