TimeBanking is designed to encourage connections between community members on the basis that everyone has something to give and everyone has needs. TimeBank members commit to "give and receive" using Time Credits earned and spent. The "golden rule" of TimeBanking is this: An hour of my time is equal to an hour of your time. One hour of service given earns one time credit. For one hour of service received, pay one time credit.
A commitment to the core values helps people to get into the spirit of TimeBanking and helps keep that spirit alive.
The TimeBank has three main goals:
Strengthen the fabric of our community.
Serve people and give them a means to serve.
Establish new relationships and meet real needs of our community members.
The 5 Basic Time Banking Values:
- Assets: Everyone has something to offer;
- Redefining Work: Building home, family and community is valued work;
- Reciprocity: Encouraging givers to receive – and receivers to give – builds trust and resiliency and sharing;
- Community: We are stronger together;
- Respect: Respect is the root of equality.
We recognize that each person has talents to share, and that the overall community is strengthened when neighbors help one another. For every hour that you help meet the needs of another member, you earn a time credit for the exchange. This time credit can then be redeemed for services from others, and the never-ending cycle of sharing continues.
For more information about timebanking, visit TimeBanks.org
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