Tucson, and in particular neighbors in Menlo Park, started a Time Bank!
What’s a Time Bank?
In TimeBanking, it’s the time you give and receive that counts. One hour of service rendered earns one hour of time credit, irrespective of the type of service provided.
What counts as service to accumulate credits in a Time Bank?
Service Exchange
The type of services exchanged can vary widely—common examples include tutoring, childcare, home repairs, cooking, transportation, and companionship.
The focus is on skills and support that individuals can offer and receive within their community.
Time Credits
Participants earn 1 time credit for each hour of service they provide to other members of the TimeBank.
These credits can then be used to “purchase” services from other members, thus allowing members to receive help based on their needs.
Coordination
A coordinator or organizing committee usually oversees the TimeBank, helping to match requests with offers, maintain the records of time credits, and facilitate community events.
Technology (like online platforms or apps) is often used to track transactions and connect members efficiently.
Find out more about TUCSON’S own Time Bank, and become a member!