Bookmarks and favorites? Why?

I virtually never use IE's Favorites or Firefox's Bookmarks. Other people in my family use them all the time, and I just realized why I don't. When I need to get to a site I go to often, I go to the address bar and start typing the URL. The browser provides me with a list of the sites I've been to, so I simply select the desired site and I'm there. Does anyone else do this, or am I the only one?