Frugal Woodworking

This website has been around a long time.   It is a little tough to navigate, but it is worth digging through.  It has a wealth of sharpening wisdom based on actual measured results rather than folk-lore.  Aside from all the great information, there are tips and jigs which end up saving a lot of money and the recommendations for sharpening abrasives are very affordable.

www3.telus.net/BrentBeach/Sharpen/index.html

I like his suggestion of using a Norton Crystolon Bench Stone for grinding the bevel.  They are fast, inexpensive and stable.  The 11-1/2″ length allows for longer , more effective strokes. His recommendation for using 3M Imperial sandpaper for final sharpening is good and cost effective.