Time Banking

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One of our newest initiatives is to set up a local version of Time Banking. This is a form of reciprocal exchange under which people trade hours of their time instead of money to share skills and get the services they need. With Time Banking every person is equally valued hence skills that are often taken for granted are given a measurable value – particularly non-market economy skills like childcare, company and caring, simply taking time to sitwith someone and listen. No matter what type of work is done if you give one hour’s work, you receive one hour time credit. If you have another member do one hour’s work, they are paid one hour time credit. Time banking is a valuable tool in building trust and care within a community and has been very successfully applied in Lyttelton to deliver essential services and re-establish social cohesion after the earthquake. Contact:  greylynn2030@gmail.com

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