Given a bundle $F \to M \to S^1$, the Mayer-Vietoris sequence corresponding to the decomposition of $M$ coming from writing $S^1$ as the union of two intervals tells you there's a short exact sequence:
$$0 \to coker( f_n - I ) \to H_n(M) \to ker( f_{n+1f_{n-1} - I ) \to 0$$
Here $f_n : H_n F \to H_n F$ is the induced map from the monodromy of the bundle, ie: you think of the bundle as $R \times_f F, f: F --> F$ a homeomorphism / diffeomorphism / whatever. And $I$ is the identity map on $H_n(M)$ and $H_{n+1} H_{n-1} M$ respectively.
There's a similar decomposition for cohomology, and this is what the Serre spectral sequence gives you, too. The short-exact sequence basically encodes the extension problem from the spectral sequence.

