The concept that “time is money” is being taken to a whole new level as people across the country and throughout globe “exchange services and skills for time instead of money.” (timebanks.org)
This exchange, better known as “Time Banking,” has taken hold of countless individuals throughout the United States.
“It weaves community one hour at a time,” says Eileen Murray, with Community Skill Exchange Sacramento. “[Time Banking] is a way for folks to help each other. All services, all skills, all talents are of the same value, so [it can] be a way for people to have [a] connection with others.”
The process of Time Banking is simple. By providing one hour of a service or skill, Time Bank members earn a credit called a Time Dollar. This credit can then be “spent,” in order to receive a service from another Time Bank member. “An hour of gardening equals an hour of child-care equals an hour of dentistry equals an hour of home repair equals an hour of teaching someone to play chess,” creating a web of community aid and connections. (timebanks.org)
As there is no tax on time, Time Banks are tax-exempt and serve largely to better communities and lives.
“[Time Banking] also serves people that may be isolated, that don’t have a network of people to draw from,” says Murray. “That would be a way for people to draw on services that they might not otherwise be able to pay for.”
Time Banks throughout the nation vary in size, with a wide range of fifteen to two thousand members. In Sacramento, a new Time Bank called Community Skill Exchange Sacramento is working to serve Sacramento communities.
“We started out as a friends-and-neighbors time bank,” Murray comments. “[Now] we are being mentored by a time bank in Pent, Ohio, which has about 600 members.”
To learn more about Time Banking, visit the national website, timebanks.org. To learn more or become involved with Community Skills Exchange Sacramento, contact Eileen Murray at firstname.lastname@example.org.