Nowadays, whenever you are visiting a website/blog, you will notice that there quite a number of outbound links (links that direct users to another website/blog) scattered around the page. In fact, Link Exchange is a common practice in harnessing the Search Engine Optimization (SEO) of the respective site/blog. In short, it helps to improve the site/blog's SEO if it is done appropriately.
On the other hand, it could be detrimental to your site/blog's SEO as well if too many of the said outbound links are heading towards the sites that are deemed questionable, from Google's perspective, e.g. adult entertainment, online gambling etc. Thus, it is important to monitor the health of the outbound links regularly.
Recently, I've chanced upon a FREE tool called Text Links Checker that will help you to scan through your site/blog and provide you with stats and potential links that deemed questionable (Note from the site: This tool is intended as a guide to assist webmasters in locating potential problem areas with their linking strategies, it is not intended to dictate who you do or do not link out to). Even though it is only a guide, it is good enough to have an interim assessment of the health of your site/blog's outbound links. Thus, give it a try by simply punching in your site/blog's URL and let the tool do the work for you.
Do you have any similar tool to share? If yes, please feel free to share it in the comment section.