Hardwood and bark mulch
Shredded hardwood is the default mulch for most beds. It is made from ground hardwood branches and bark, and it is widely stocked and inexpensive. The shredded fibers knit together, so the layer stays put on slopes and resists washing away in rain.
Hardwood breaks down over a season or two and feeds the soil as it decays. That is a benefit for garden beds, because it builds organic matter over time. The trade is that it needs topping off each year as the old layer thins and darkens.
Bark mulch is a related choice, made from the bark of pine, fir, or hardwood. It comes shredded or in nugget form. Shredded bark behaves much like shredded hardwood and stays in place well. Nuggets are chunkier, last longer, and drain fast, but they float and drift on slopes and in heavy rain.
Choose shredded hardwood or shredded bark for general beds, slopes, and areas where you want the mulch to hold. Choose bark nuggets for flat beds where you want a coarser look and a longer-lasting layer. Both suit trees and shrubs when you keep the material off the trunk. For most landscapes, hardwood is the reliable, low-cost starting point before you consider a specialty mulch.