With the average desktop, very easy. With a laptop, that all depends on the manufacturer. However, since yours is a Dell, I'd bet it's pretty easy, probably a little cover on the back, or underside of the unit is removed, plug in a new memory module, and away you go.
Your best bet, it being a Dell laptop, is to call Dell and tell them what you have, and what you want to do with it, they'll help you out. I just looked on their site, and found you can buy 256mb memory modules for that laptop for 144$ US, and you can buy 128mb modules for 50$. My opinion, jump on 1 256mb if you can't afford a pair. If you can afford a pair of those, then I'd consider replacing your memory outright. (It looks like there are only 2 slots for memory in your machine, but the info I'm seeing isn't real comprehensive). If you are looking to keep it cheap, buy one of the 128mb modules, and pair it up with what you have.
Again, 512mb of ram would be ideal for you, but I do believe you'd find the machine ran better even with only 256mb. It's all a matter of what you want to pay. Good luck to you, let us know how it goes, okay?