As I rinse the dish I then just place it on the towel to the side of the sink on the counter. You can see from the small amount of dishes we have per meal that this is my preferred frugal way of doing them.
Just another small way I have found to economize on the water and electric bill. Not wasting as much water, and drying them by hand towel.
Addemdum: Be sure and read Tammy's comment which covers another "frugal" point about using the dish pan that I failed to cover. Thanks Tammy!!!