Fifteen years into my own marriage, my Chicago Cutlery knives (a wedding gift) had made a few trips to the knife sharpener. Wanting a more convenient and cost-effective solution, I attended a knife sharpening seminar at Williams Sonoma. After watching a lengthy demonstration of a $300 electric knife sharpener, I pulled a friendly-looking clerk aside to ask what other choices there were (I may have used the phrase "a knife sharpener for real people"). He was refreshingly honest and pulled out a hand-held device encased in plastic. It cost $20.99, and he told me that he used it himself and it worked really well. I bought one, and have had razor sharp knifes ever since.
You might think that a $15 (the price has gone down!) knife sharpener should not be used on your good knives, and I'd ask you to check with the store you purchased from if you are concerned. But as long as your knife is not serrated (serrated means it has little teeth, like a bread knife) and is honed from steel (not stamped), it can be sharpened. You do not want to sharpen stamped knives or ceramic knives (photos below), but any other knife with a steel cutting surface will work (see the photos at the bottom)
I've posted a video to the You Can Cook Facebook timeline as well, because seeing is believing, and I was shocked at how easy this was to use and how much it has improved my knives...and by extension my enjoyment of the time I spend in the kitchen. Stir fry, anyone??