Fuel is what you are really spending. Each craft soaks a share of low grade fuel into two arrows, and early in the wipe that same fuel is what your lanterns burn. So craft a handful for a night roam, not a full quiver.
Make them in fours. Fuel comes from its own craft four at a time, four arrows use it exactly, and two leave a little over in your inventory. The cloth and wood hardly count; a few hemp plants on the walk home cover them.
The blueprint is a cheap pick at a Level 1 bench, yet it can wait. Plain wooden arrows need no bench and no fuel, and they do the actual fighting.