I don't use password manager's for my passwords but i might get around to it someday... My method well I should say methods ( i have two) is using good old TrueCrypt an also images being use as passwords(they are linked as well, in a way)
1st Method: TrueCrypt
I use TrueCrypt to store all my passwords in a encrypted TrueCrypt file on the pc or an encrypted usb stick. And to gain access to the encrypted folder or usb to get the passwords stored in the encrypted file/usb, i just use the password i made for it (pretty simple)
2nd Method: Images
For tie-in with TrueCrypt or any password manager out there.
I have the password saved for my TrueCrypt encrypted file or usb in a jpg/bmp/png/etc image, it could be any photo/wallpaper/etc.
To do this I use Notepad++. Make a backup of the image just in case, right click the image an edit with notepad++, scroll down to the bottom of the edit or stay right up at the top an add in the TrueCrypt password (it has to be at the bottom or the very top of the edit) an then save the edit. Once done open the image normally, an if it shows the image, you have done it right (but if it doesn't,try again or use another image), now just open the image with notepad (or you can still use Notepad++ if you want) scroll to your password and copy an paste it to the encrypted TrueCrypt (or any password manager you use) file/usb an it will open up.
PS i hope you's get this, Im not really good an explaining things to people.