A tool, such as a saw or a knife, includes a hollow handle and a blade member that is movable alternatively into a storage position or a position of use. In the storage position the blade member is surrounded by and protected within the handle. In the position of use the blade member protrudes from the handle as an extension of the handle, with the blade member being lockable in relation to the handle either into the storage position or the position of use. The end of the blade member in the direction of the handle includes a hanger for suspending the tool, the hanger protruding from the handle when the blade member is in the storage position.