What is it? Timebanking is about earning and spending hours. It’s based on the idea that each of us has unique gifts, talents, and resources to share, and we all have needs that others can fill.
How does it work?
Every hour of service that a timebank member provides to someone in the community earns one hour of credit, which can be exchanged for an hour of service from another member or given to another member. All services are valued equally. An online database makes it easy to see what skills and services your neighbors have to offer, and what services they need, so you can match your skills and needs with others in the community.
Check out this ABC news clip on how a community in Kentucky is using a timebank.