Check your local Walmart for a product called "Shave Secret." It's a blend of essential oils - clove, menthol, etc. Apply a few drops of this to your hands and rub into your face before shaving - shaving cream/gel is optional, I use just the Shave Secret. The oils not only coat the skin providing a nice slick surface for the blade to glide over, they also moisturize and kill pain (I think this is mostly do to the clove oil.)
It's cheap, it works (for me, at least), and it makes shaving around facial hair easier as without the need for shaving cream you can always see what you're doing. It's worth a shot, at least.