Monday, March 16, 2009

Time Banking

Thanks to JM Donahue, I get to tell you about Time Banking!

This is such a fascinating and beautiful "budget philanthropy" concept and works on the premise that you earn one "Time Dollar" for each hour of service you provide to another person in your community. This is people helping people directly.

Here's an example below:

  • Bob earns time dollars after spending two hours grocery shopping for Daisy.
  • Bob spends his dollars having Mary tidy his house.
  • Mary spends her dollars having Lucy watch her kids while she gets a manicure.
  • Lucy spends her dollars when Bob comes over to mow her lawn.

The web site has a directory of existing Time Banks and also has information about how to start your own Time Bank if you don't have one. I looked up on the list and there are none in my state! (I live in a very rural area.)

The concept is so elegant because it doesn't depend on returning any favors or having to pay something forward. Since you work with a group of people from a database, you don't have to know a lot of people or wait a long time for a way to earn or spend dollars. And best of all it doesn't cost money. It's all about giving of yourself and spending time to make life better for someone else. And that's what we're all about here at Spread Change!

Even if you don't want to join a Time Bank, please go learn all about them so you can at least spread the word about them. This is a unique and worthy service that deserves promotion and can help change lives in small, but significant ways. And if there's no Time Bank in your area, would you consider starting one? Just think how many lives you could change by being a Time Bank leader.

1 comment:

♥ Kathy said...

Wow, that's pretty neat :)