Can Kindle Save You Cash?

Yesterday Barnes & Noble announced its new, friendlier electronic book reader, the "Nook," to compete with Amazon's wildly popular "Kindle." Both gadgets hover around $250, but the Nook has a leg-up since it allows you to hook a friend up by lending books - albiet only for two weeks - but still more true to a traditional book experience.

Now that there's another serious competitor in the market and e-book technology is on the rise, maybe it's time to rethink those cumbersome bookshelves, people.

Think about it: Despite the hefty $250 price tag, the new e-readers might still save you some cash, not to mention a pulled muscle from moving boxes of books into your next apartment.

So what's the true cost of a traditional library vs. an e-reader? We did a little math ...