It is estimated that one in 10 U.S. citizens now owns a tablet or e-reader, and the constant innovations made by brands such as Amazon, Sony and Apple are helping to change the way in which users conduct their everyday activities. The benefits that these tools provide to users are far reaching, and can even help individuals to save money and budget their finances effectively. So, how exactly are tablets and e-readers able to achieve this, and how much money could they save you through consistent use?

TUTORIAL: Budgeting Basics

Budgeting Apps: How the iPad Can Help You Manage Your Finances
Interestingly, e-reader ownership has declined amongst U.S. adults since May 2011, but the sales of tablets have remained consistently high in this time. This is largely due to the additional features that products like the iPad boast as opposed to standard e-reader models. One of the most productive features of tablets is the range of free or inexpensive apps they offer. These apps can serve any number of practical purposes.

The iPad has a collection of budgeting apps that can assist you in creating and managing an effective personal budget. As an example, "Budgets for iPad" is one of the most popular free apps on the Apple tablet, thanks largely to its use of high resolution graphics and charts to display your incomings, outgoings and overall financial position. Not only this, but it boasts a tool that allows you to track monthly payments and performance in terms of saving and creating disposable income. (If you're interested in investing in companies that create tablets and e-readers? Read A Primer On Investing In The Tech Industry.)

Books Vs. E-Books: The Battle Between Old and New
The traditional publishing model has undergone something of an overhaul since the turn of the century, with the result that many media establishments and authors are looking to publish their products online to engage as large a reader base as possible. Creating e-books serves a far greater purpose than reaching a global audience. It also allows publishing firms to save valuable money on the costs of printing and establishing a product.

Of course, a reputable publishing firm will reflect these savings in the cost of its product, with the result that books can be downloaded for far less money than it takes to procure a hard-back book. With e-readers such as The Kobo available for an approximate outlay of $100, users can access a vast and portable library of literature for a fraction of the sum it would cost to purchase a collection of traditional books. With the threat of recession omni-present in contemporary USA, e-readers and tablets are ensuring that citizens can enjoy their favorite books while saving their hard earned money.

Apps and Mobility: A Single Multi-Purpose Device for the Consumer
While some e-readers may be fairly limited and single purpose products, tablets like the iPad and Kindle Fire boast far more uses to occupy their wide consumer base. In fact, the innovative and constantly evolving range of ever affordable apps offered by Apple and Amazon have turned their products into multi-purpose alternatives to the traditional laptop, and helped to create the ultimate in mobile media devices.

While smartphones offer something similar, they are not as effective as a replacement for the personal computer. Smartphones have smaller screens and less well-defined resolution, which makes viewing and sharing images as challenging as negotiating the devices' interface, while the neat design of most contemporary tablets allows users to access, view and share online files with ease. So, by providing consumers with a multi-purpose tool and range of interactive features, they need no longer invest vast fortunes in purchasing more than one digital media device.

The Bottom Line
Tablets and e-readers boast the potential to save you money as a consumer. They are revolutionizing the day-to-day functions of citizens across the globe. As long as you are willing to make an initial financial outlay to purchase the iPad, Kindle Fire or similar product, then significant financial savings are sure to follow.

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