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The poor man's drill bit is for more than just saving a buck or two.
When all you have is a hammer, everything looks like a nail. But pick up a drill, and you can start using those nails for a whole new trick. Every nail is also a drill bit, so long as you know what you're doing.
The poor man's drill bit, as woodworker Paul Sellers calls this maneuver, is not just a cost saving measure. After all, drill bits aren't that pricey and you probably have more than you will ever really need. Instead, it serves as a handy way to make a pilot hole for a nail, one that is just the right size and ensures that you won't get any splits when you actually get down to the hammering.
The process is as simple as doing a little filing, lopping off the nail head, and shoving that sucker right into your drill, as Sellers demonstrates:
Never want for just the right drill bit again.
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