"I could go on about the perils of passwords, but that
won't change a thing. The harsh reality is the IT industry has
built itself around passwords for en masse authentication and we as
consumers all suffer. But it doesn't have to be a complete
nightmare. And, yes, using the same password for many or all your
authentication needs is a bad idea!
"I've found that using a password manager may be lipstick on a
pig, but at the very least it provides an encrypted way of storing
your sensitive information that can be backed up easily.
"Open source application, KeePassX, is a password manager
everyone can try as it is free and runs on Linux, Mac OS X and
Windows [XP and Vista].
"The basic premise of a password manager is simple -- store all
your individual account information as separate "entries" in the
password manager and use a master password to "unlock" the
encrypted data store containing the passwords (and usernames, if