About Time Banking
Time Banking is about spending an hour doing a service for a friend or neighbor in your community. The hour you spend sharing a skill or talent is a Time Credit and is deposited into a Time Bank. Now you have a Time Credit to spend with someone who has a skill you need. It’s a simple idea and it has a powerful ripple effect in building community connections.
Community Skill Exchange-Sacramento time bank is an organized way to share your knowledge, skills, and services. Instead of dollars, we bank hours. Each member has a time bank account where they deposit and withdraw time credits for services exchanged with other members. Members post requests for help and also offer services. All transactions are of equal value, an hour for an hour. Each member automatically receives time credits when they join and for other various tasks, like creating a profile or adding a picture. Time banking is designed to build an alternate economy, accessing the Core Economy based in the belief that each one of us is equally valuable and has something to share. In order to make this a reality, Community Skill Exchange-Sacramento time bank provides the power to redefine work, encourage reciprocity, and build community.
With time banking, you will be working with a group of committed individuals who are joined together for a common good. It connects you to a system that connects unmet needs with untapped resources. To see the many connections that are made each week when you are part of a time bank is deeply fulfilling, especially if you are helping to make it run.
Please view this 2014 ABC World News show
Here is an article in Yes! magazine by Edgar Cahn, the founder of time banking, about the philosophy behind time banking.
Interesting Time Banking Facts
· Time Banking is worldwide and getting more and more popular.
· 34 countries on 6 continents have active Time Banks.
· The UK holds the record with over 31,800 active members across 320+ Time Banks. There are over 45 Time Banks in a 10 mile radius of the City of London alone.
· The US has 400+ active Time Banks in 43 states. The State of California has the largest concentration of Time Banks with almost 60.
· Probably the largest time exchange in the world is the Fureai Kippu in Japan. Fureai Kippu (“Caring Relationship Tickets”) was created in 1995