What is time banking?
Time banking is where time is the principal currency. For example, for every hour you deposit in a time bank, by giving practical help and support to others, you are then able to withdraw the equivalent support when you are in need. In every case you decide what you feel you can offer.
Everyone’s time is equal, so one hour of your time is equal to one hour of another’s times, irrespective of whatever you choose to offer.
Time banks are usually in the local community where local people may use time banking. For example using an hour for an hour. This may typically be a time bank member doing the shopping for an elderly member of the time bank and then using that hour on getting someone to provide support to their child while they are busy.
What are the benefits?
To find out more about time banking, visit the Timebanking UK website or email email@example.com or Phone 01453 750952.