Amazon KSEIBI Wood Axe: Compact Outdoor Camp Hatchet for Wood Splitting & Kindling, Forged Steel Blade, Anti-Slip, Shock Reduction Handle $19.98 @Amazon

Beeswax is my go-to too, works wonders for both blade and sheath. Has anyone tried it on other garden tools—wondering if it helps with old pruners?
 
Keeping tools in shape really does come down to a bit of regular care, just like you said—especially at this price point. I’ve had steel blades rust up fast if I’m not careful, but a quick wipe and touch of oil or beeswax after each use goes a long way. Actually, I've been known to stash a tiny bottle of olive oil and a rag right by the back door for exactly that reason