A few tricks and twists to saving money can be one way of keeping more money in the bank and having funds available for investments, emergencies, and vacations.

1. Save your change. Stash your pennies, nickels, dimes, and quarters in a container. People are surprised at how quickly this can turn in to hundreds, even thousands of dollars.
2. Stop using plastic. Studies show that even debit cards, and especially credit cards, encourage spending of up to 20% more than using cash.
3. Track your pennies. If you know where every cent goes you can choose what is most important to you--such as a movie once a week--and give up Starbucks coffee or something else that matters less.
4. Matching. Find out if you can match your savings through SaveTogether.org, a website that matches savers with donors.
5. Share. Share your savings habits with your children and grandchildren.
6. Save to win. Instead of buying a lottery ticket, see if you can find a local program like "Save to Win" in Michigan, which gives out cash prizes in a savings raffle.
7. Try a spend-free 30 days. Give yourself one month of spending only what is absolutely necessary--paying your mortgage and utility bills, but not buying any meals out or shopping.
8. Autosave. Sign up for automatic transfers into your retirement or savings account.

In addition to trying to save using some of these tricks, another savings method, available to homeowners age 62 and older, is a reverse mortgage. Seniors with equity in their homes can use that equity for a lump sum distribution or for monthly income to supplement their income from wages and investments. Reverse mortgage guidelines show how much you can borrow, which depends on your age and the equity in your home rather than on a credit score. Reverse mortgage proceeds are paid back from the equity in the property and you can use them for anything from home improvements to bill paying to vacations.

Compare quotes from reverse mortgage lenders to see if this product is right for you.