Here is a Tutorial on How To Change Blogroll Name ,on How to Add new Links To Blogroll And How to delete links in blogroll In wordpress
Log in to your account and click on the WordPress link categories “option under the” Links “section.
Move your mouse over the “Blogroll” name and click the “Edit” button under this title.
Enter the preferred name in the name of “Category Link text field” and enter a name associated URL (slug) in the “Link Category slug” on the ground. Entering the “Link Category name field” replaces “Blogroll” name.
Add new Link And give some title to it to add new link
Delete existing link by using delete button
Click on “Update Category” to save your changes.