Save of the Day: Beware these retail scams

As you probably know by now, I watch out for your wallet every day and hunt down huge deals to save you money.

Today though, we protect you from tricks and scams, many of which are employed by the most popular retailers in the country. Michael Needham, a blogger I truly admire, posted a great scam profile to Offers.com. Check out the video above to learn the nine major retail scams...and how to avoid them.

Matt Granite is a consumer reporter with Gannett's WKYC station in Cleveland. His 'Save of the Day' report offers tips to consumers on how to save money and features daily deals.

We do not get any financial compensation for mentioning any of these deals or companies. The only purpose of this segment is to save you money.