5 things you need to know about discounts

(CBS News) Discounts and deals are supposed to save you money, but some so-called bargains can actually backfire.

Do you buy in bulk? Planning to sell your home yourself? Want free shipping with that? You'll want to check out the five things you need to know about discounts Jack Otter, executive editor of CBS Moneywatch, shared on "CBS This Morning."

Watch the video of Otter's segment in the player above.