A Time Bank is a system of exchange of services that excludes money. So for example, an hour of help earns one credit. Unlike standard money, there is no difference in price for different kinds of services: regardless of the type of help given, one hour simply counts as an hour (so one credit), no matter how ‘skilled’ or ‘unique’ the service is in relation to that of others. The purpose of time banking is to reweave communities by valuing the contributions of all, joining unused resources to unmet needs.
Solution provider: Jacqui P.
Text complemented by the Solution Library Team
Lack of access to services due to poverty ; Lack of community cohesion ; Needless spending ; Unequal pay for the same worktime
Related resources
A Time Bank is a system of exchange of services that excludes money. So for example, an hour of help earns one credit. Unlike standard money, there is no difference in price for different kinds of services: regardless of the type of help given, one hour simply counts as an hour (so one credit), no matter how ‘skilled’ or ‘unique’ the service is in relation to that of others. The purpose of time banking is to reweave communities by valuing the contributions of all, joining unused resources to unmet needs.
Solution provider: Jacqui P.
Text complemented by the Solution Library Team
Lack of access to services due to poverty ; Lack of community cohesion ; Needless spending ; Unequal pay for the same worktime
Related resources
A residential project: people live here as their primary home.
An institution, business, network, or project that isn’t a residence (e.g. a learning center, farm, or network with no one living there full-time).
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