What is Time Banking?

Time Banking is a way to give and receive support to build strong communities and networks to the public. One last time helps earns about one hour for the Bank (also called time credits, the balance of the benefit, or $ time). Time banking is based on the magic of “Pay It Forward,” in return, is a good idea leading to another and another.

Time banking is formed when individuals or organizations agree to earn and spend hours to meet friends, neighbours and the needs of the larger community. Time banks ranging from small 15-20 members and 2000 or greater; Time banks can get in touch with some also. Each time bank is a unique reflection of its members, who are, for the dreams they have for their community, and what they chose to make and receive

How to earn time credits by doing something for you; No matter what that “something”. In return you earn a time credit in Time bank community. For example, if someone is working for one hour in his garden is similar to one hour of babysitting is similar to one hour of dentistry is similar spending time at home repair is similar to an hour of teaching to play chess. The possibilities are countless for Time banking.

(TimeBanks, 2015): http://timebanks.org/what-is-timebanking/

History of Time Banking

The creation of Time Banking is back to the creation of hours TimeBank ™ in 1980, the idea came to Dr. Edgar S. Cahn; co-founder of the National Program of Legal Services, author of “our brother’s keeper,” and founder of the school Antioch right, He suffered a massive heart attack at age of 46; He was in hospital and sickness “feel useless,” he think about Time Bank hours as a unique and ultimately new currency to problem solution of enormous cuts in government expenditures on social welfare. If he does not have enough money to repair the old problems of our country and our society, Edgar thinks, the new way of making money to pay people the work they have done for themselves and societies? A Time Bank hour is all about the value of contributions everyone on the equal basis. Edgar developed his academic definition of why money should work in another way. He returned to the US and started to put service credits (not yet called TimeBank hours) service. .

In early years since the currency has come a bouncing ride. After the initial enthusiasm by foundations, funds for trade TimeBank time dried up mid-1990s in the era of problems to keep afloat follow. This clash turned out into a time to dig and determine what made the hours of TimeBank Time Banking and unique tools for social change. In 1997, a convention TimeBank hours helped new groups and survivors identify “what works. TimeBank Hours have become the backbone of a cross – age tutoring progr