A password manager is a tool that allows you to store your login information in an encrypted format and retrieve necessary. To prevent hackers from accessing your personal information, most password managers require a "Master Password" to use "key" to encrypt and decrypt your data.
All you have to remember is that the master password and password manager will remember all your other passwords for you. If you are looking for a password manager then you can visit https://www.logmeonce.com/.
The majority of online users are not aware that these tools exist. But once you start using it, you will never want to go back to the old ways to enter your user name and password.
Below are seven features that you should expect from a password manager:
The password manager should use some sort of encryption algorithm to encrypt your logon information. Some examples of encryption algorithms are DES (Data Encryption Standard), Blowfish, AES (Advanced Encryption Standard), Rijndael, etc.
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Do not use a password manager that stores passwords and usernames in cleartext. Anyone can copy your user name and password if they are stored in clear text files. When the file data is encrypted, it will be rendered useless even if a hacker gets ahold of it.
Ease of use
You must be able to store and retrieve your password and user name with a mouse click. Most password managers are implemented as a toolbar in your browser so that you do not have to go hunting for them in your Programs folder.
User names and passwords that you saved into your password manager should be "portable", which means you have to be able to export a list from one computer and import it from another computer. That way you're not tied to only one computer while using your password manager.