Have You Heard of Time Banking Yet?
Time bank is a way that allows to pay it forward with time not necessarily with money. At its most basic level, time banking is simply spending an hour of your day doing something for somebody else. In turn, that hour is deposited into a Time Bank and earns you a Time Dollar which can then be spent having somebody do something for you.
The time banks’ popularity may be a sign of the times. And during an economic downturn, time banks can be especially appealing. Officials at New York’s Time Bank have seen interest in the program double since the economic downturn began.
Official site of TimeBanks.org
More About Time Banking…….
Time Banking
By Martin Brown
Time banks, economic microcosms based on the exchange of services rather than currency, probably won’t replace monetary exchange anytime soon. They are, however, already changing communities and lives in a big way. And they’re definitely on the rise…..
Banking your time to save you money
by Paul Rockower
You say your neighbor wants help with her gardens, and you’re pretty good at fixing cars? Some communities are quantifying this kind of neighborly good will. Paul Rockower checked out the barter system at a time bank in Los Angeles…..
Time Banking Takes Off in Tough Economy
by JEREMY HUBBARD and WENDY BRUNDIGE
After the recession unexpectedly sent her retirement portfolio into a nose dive, 61-year-old Judy Capel found herself forced to make cuts to her budget, eliminating home repairs like fixing her leaky kitchen sink, getting her windows washed and repairing broken shelves in the living room….
Time Banking Can Help During the Recession
by Ron Callari
In today’s recessionary world its become exceedingly difficult to make time for ourselves and the others we care for. With job lay-offs, the decline of 401Ks and wage decreases, we are spending more time worrying about our finances than taking care of things that still need to be accomplished….