When you make a deposit in a TimeBank, you won’t have to worry about whether it’ll lose value over time. You won’t have to worry about bank robbers, or sky-high interest rates. That’s because the only things a TimeBank holds is time, and the tremendous promise of an alternative way of valuing work, community, and each other.
“Time banking is about thinking about our communities and our economy a little differently,” says Alice Bagley, Unity in Our Community (UOC) TimeBank’s coordinator. “Our money economy only tends to highly value certain kinds of work, and places very little value on things like checking in on our senior neighbors, or the wisdom that people with different experiences might have, or the important work of community building through things like game nights. But we also know that if those things all went away tomorrow then we would no longer have functioning communities.” Continue reading Awesome Project: Detroit’s Unity in Our Community TimeBank
Time banks are an amazing way for communities to share using time instead of money as currency. The time bank movement is helping neighbors all over the country shift us away from economies based on consumption to economies based on relationships.
The concept is simple:
1. You spend 1 hour doing something for someone in your community
2. You earn one “time dollar” that goes into the time bank.
3. You spend your time dollar having someone do something for you and then
In this video, we present some simple tips and steps to starting a time bank in your own neighborhood.
This video was produced by Good Eye Video, in partnership with ioby and The Center for a New American Dream.
New Dream’s Get2Gether Neighborhood Challenge (happening right now!) encourages neighbors from all over the U.S. to start new ways of sharing to build and transform communities, and timebanks are a great way to start!
Visit our Vimeo page for more great videos on making change in your neighborhood.
ioby is a proud founding member of Peers.org, a collaborative movement meant to support the sharing economy. Read more in the TechPresident feature story by Sam Roudman.
ioby is proud to announce our latest partnership with the Center for a New American Dream.
Today they launch their new platform, Get2Gether, to bring New Dream right to your backyards. Groups of four or members with great ideas to build their local economies can apply to be a part of the Neighborhood Challenge. Center for a New American Dream will match ioby donations to all projects up to $1,000 and support your work to their larger program on collaborative communities. Learn more here.