I also use the beeswax when hand sewing/quilting. It is truly a wonder to help keep the thread from knotting. Two other things I will let you know is; don't cut the threaded needle strand any longer than 3/4 of your arm's length and while sewing allow the thread to lay upon the work and not dangle. This helps a lot.
A little plastic beeswax holder can be purchased at any fabric store. It has open spaces you draw the thread though.