Hey Cheap, it's been a while since I wrote this, and I actually do dry my blades now so that helps. I have also switched shaving methods entirely; see my post here http://www.pffirewall.com/frugality/cost-clean-sh…

On your thought, I use a low flow shower head which also does have a shutoff valve, but I don't shut off the water during my shave. My shave only lasts a few minutes longer than my shower normally does, so I don't worry about this factor. Since switching shower heads I have seen a reduction in water usage though, as well as my water bill.

Random thought: How much money goes down the drain as hot water while you shave in the shower? Unless you use a shutoff valve on your showerhead.
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