What is Timebanking?
Timebanking encourages people to help each other within their community. People offer services to Timebank members and can choose services they'd like in return. For example, a Timebank member could help someone with their garden and in return could gain help with a DIY project from another Timebank member.
How does it work?
For every hour people ‘deposit’ in a Timebank, they are able to ‘withdraw’ the equivalent support in time when they themselves are in need. Each person decides what they can offer and everyone’s time is equal, so one hour of ‘my’ time is equal to one hour of ‘your’ time, irrespective of whatever you choose to exchange.
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 Timebank, the more activities can be offered.
They can cover a variety of activities such as: