Time Bank is a project that helps people to help each other.
It’s a great way to be part of the community and to offer your skills or spare time to help other people, and to choose help that you’d like in return. So for example, a Time Bank member may help with clearing someone’s garden, and in return, could get help with a DIY project from a different Time Bank member.
Each person decides what they can offer and everyone’s time is equal. So one hour of your time is equal to one hour of someone else’s time. It doesn’t matter what you choose to exchange.
1 hour = 1 time credit
How does it work?
For every hour you ‘deposit’ in a Time Bank, you can ‘withdraw’ the equivalent back in support when you need it. Because Timebanks are just systems of exchange, they can be used in an endless variety of settings, so the more people who contribute to a Time Bank, the more services will be on offer.