The internet is a fast-paced environment in which information is created, moved, archived, and deleted rapidly. As such, a site you link to this year may no longer exist next year, or the organization that maintains the information may have moved it. For this reason, it is essential that you regularly check the links you would like to maintain. Links will not automatically update on their own. For more information regarding this characteristic of the internet, read about link rot on Wikipedia.
Because broken links are a common occurrence on the internet, a huge range of very easy-to-use tools are available to find them. If you'd like to find broken links across your entire site, services like Broken Link Checker can generate a report in seconds. Alternately, if you'd like to be able to click a button and see all links highlighted in red or green by whether or not they're working, you can get a link checker extension like Check My Links (Chrome) or Pinger (Firefox). Keep in mind that broken link checkers may occasionally return some unexpected information, such as saying Blackboard or a mail service is a broken link. This is usually because these pages require logins to work or have special configurations that the link checker does not understand. You are only responsible for the links within the content areas you can edit.