Hi,
I use paraffin wax on the soles of my planes (both wooden and metal) and for everything else, I use olive oil. The reasons for olive oil as straightforward….. It is a completely natural product, incredibly cheap to use in the tiny quantities that I require, does not have much of an odour and best of all its great for my hands in winter. I simply put a few drops into the palm of one hand and briskly rub them together. then I run my hands all over the saw, chisel, plane etc and the items get a very fine oilcoat. This has worked extremely well for me for at least fifteen years. As far as machine beds go, I use old fashioned white floor polish, again with a very very thin coat. Good luck