1. When you use the same password for everything, a single leak can lead to a lot of loss. Smaller websites get hacked relatively regularly and password managers can track this and tell you when it happens, and which other accounts you have with the exposed password, helping you change them before anything bad happens.
2. Password managers save you from having to remember your passwords, and allow you to use more complex passwords that you might otherwise have trouble typing out consistently or quickly. Usually they fill in the password field for you, so you can have passwords that are really hard to guess like 7F62Gn!hry3QQ, and can allow you to have different passwords for each account you use
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