I use Ilford Multigrade FB, and I only print 16x12, which is currently about £3 per sheet. I cut 16x12 sheets into about 8 or 10 strips, so that the final print and the test strips are from paper of the same batch and age. I use one to three strips per print: first to nail exposure for the highlights, then to nail contrast grade for the shadows (if that isn't already obvious), and finally to check that both are correct (if that isn't already obvious) before committing a whole sheet of paper. It's is expensive, but you can't make an omelette without breaking eggs. I don't like to consider whether the whole thing warrants the sacrifice of eggs.
I print only a tiny proportion of my negatives. I do my pre-selection by studying the negatives first with a loupe, then contact sheets and/or negative scans.