Hi,
So what costs are we considering? If you consider environmental costs as well as monetary I'd say skip the concrete all-together.
You can easily re-purpose polypro or mesh bags from the waste stream of society, then fill them will a gravel/earth based mixture to do exactly the same thing. It won't wash away, but you may want to protect your bags from UV somehow. Also, you'll need to fill the bottom courses with a higher gravel content. These aren't that different from gabions, and that's another no-concrete way to accomplish this. Maybe someone even has some old galv
fence you could use for that.
The mesh bag technique is really new and very promising for durability and low monetary cost. look up 'hyperadobe' on google.
Cheers,