It's time to ask yourself an uncomfortable question: how many of your passwords are so absurdly weak that they might as well provide no security at all? Those of you using "123456," "abc123," or even just "password" might already know it's time to make some changes. And using pets' names, birth dates, your favorite sports teams, or adding a number or capital letter to a weak password isn't going to be enough.
Don’t worry, we're here to help. We’re going to focus on how to use a password manager, software that can help you go from passwords like "111111" to "6WKBTSkQq8Zn4PtAjmz7" without making you want to pull out all your hair. For good measure, we'll talk about how creating fictitious answers to password reset questions (e.g. mother's maiden name) can make you even more resistant to hacking.
Why you can’t just wing it anymore
A password manager helps you create long, complicated passwords for websites and integrates into your browser, automatically filling in your usernames and passwords. Instead of typing a different password into each site you visit, you only have to remember one master password.
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via http://arstechnica.com/information-technology/2013/06/the-secret-to-online-safety-lies-random-characters-and-a-password-manager/