Archive for the ‘community’ Category

Time Bank

by wil — Jul 8, 2011

My wife and I recently became aware of timebanking:

For every hour you spend doing something for someone in your community, you earn one Time Dollar. Then you have a Time Dollar to spend on having someone do something for you. It’s that simple.

So, you might spend an hour doing some copy-editing for a member, earn one Time Dollar, then spend it getting some housecleaning from a different member. An hour of pulling weeds is worth exactly an hour of web design is worth exactly an hour of electrical work. It’s basically an alternative currency, based solely on time, and there’s a timebank website that helps manage offers, requests, and Time Dollar flow.

It sounds a bit communist/socialist/hippyish, so of course it appealed to us. We joined our local chapter a few weeks ago, and attended the new-member orientation and potluck dinner (and earned four Time Dollars in the process). At the potluck, my wife offered to help a member box up for a move and I offered to help a member with her website. Now we have thirteen Time Dollars between the two of us, and we’ve met some interesting new people in the process. We haven’t used any Time Dollars yet, but we’re sure to spend some on alternative healthcare, cat-sitting, hauling, and airport pick-ups.

If you’re interested, check the Time Bank Directory for a Time Bank near you — or start your own!