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A password manager enables you to have complex unique passwords for every account without having to remember them all.
It can be difficult to remember unique passwords and login information for every online account. This often leads to the same passwords being used across accounts and weak easily guessed passwords being used. This puts you at risk of hackers gaining access to multiple accounts and the personal information stored in them, which often includes payment information.
A password manager generates complex unique passwords then encrypts and stores them in one location. You can then access your passwords using one master password when signing into a site. The master password needs to be long and strong and not shared with anyone or used for any other service.
Some of the most popular password managers are: