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It depends. High-end colored mulch can be fairly costly. However, you'll have to replace less-expensive natural mulches, like pine needles and cedar mulch, more frequently. 

The cost is balanced out somewhat, though, as although you'll have to replace colored mulch less often, you'll have to replenish nutrients in your soil more frequently to make up for the decrease in organic matter and nitrogen from the mulch.

The best way to keep dirt around your foundation is to ensure your drainage is working properly and redirecting water well away from the foundation. Soil erosion is one of the most common causes of basement flooding, so it’s important to make sure you’re retaining the soil you replaced after learning how to regrade around the foundation. In addition, your foundation planting can also help prevent erosion. For example, plant roots to help keep soil in place.

If you have a large area of brush and vegetation to clear, forestry mulching may be the best option. This method works well for relatively flat areas that don’t have many large rocks or mature trees to clear. Forestry mulching is a relatively quick process that improves soil health, reduces fire risk, and leaves behind usable mulch.

Organic mulch typically lasts between 4 to 6 years. However, factors like the type of organic mulch you choose, mulch size, and weather conditions can all play a role in its longevity. In some cases, you’ll need to replace organic mulch every few years.