If they didn't provide much more convenience over simply copying and pasting passwords from a text file, they'd hardly be worth using. One of the reasons I looked at these password vaults was to see how easy it was to work with them over an extended period of time. If having your passwords in a single encrypted store were all you needed, then a password-protected Microsoft Word document would do the trick. All the other passwords you use can be as long and complex as possible, even randomly generated, and you don't have to worry about remembering them. This way, you have to memorize a single password: the one for your password vault. They give you a central spot to store all your passwords, encrypted and protected by a passphrase or token you provide. Password vaults, aka password safes or password managers, help solve this problem. The hard part is keeping them straight, which I could do by writing them down - but isn't that a security hole all over again? Heck, I've known that since I was a kid. That said, I hate being hacked only slightly more, so I've done my part to use passwords that aren't "password123" or something equally foolish. And I hate getting locked out of whatever I'm trying to log into in the process. I hate mistyping them four times in a row.
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