Everyone’s time is equal, if you give one hours work you will receive one time credit. If you have another member do one hour’s work for you, they are paid one hour credit and you are debited one hour credit.
You don’t have to trade with the same person, you can use or spend your credits with anyone.
Timebanking is a non-profit, grassroots initiative committed to building sustainable, connected community.
Timebanks are major assets to communities in the face of natural and economic crises - Lyttleton Timebank was instrumental in the Christchurch earthquake recovery.
What’s more, each exchange contributes to building community interdependence, the free exchange of local knowledge, facilitating integration for newcomers, and intergenerational networks.