I have approx. 500 songs in my itunes library. There is a combination of purchases and music from cd's. I have a new computer and cannot figure out how to move the library over.

Any help would be greatly appreciated!:D

Have you got a USB key? Cheap from Amazon. Burn the songs to the key then plug the key into the new comp.

Is that the same as a flash? I do have a flash that plugs into a USB.

Yep that's the baby. Depending on the size (1GByte, etc) 500 songs should fit. If not do it a 2 or 3 transfers