You’re probably wondering what a timebank is, right? Well, a timebank is a reciprocity-based work trading system where time is the currency. It isn’t a barter system – it isn’t about trading items, such as 12 ears of corn for a skein of wool yarn – it is about trading your time for someone else’s time. With timebanking, a person with one skill set can bank and trade hours of work for equal hours of work in another skill set instead of paying or being paid for services. Although all services are not valued more than others (it is only based on the amount of time spent), it doesn’t have to be swapping hours evenly between the same people. You can do services and bank, say, ten hours for work done for several different people. Then you have ten hours “banked” and when you need a service done you just go to Deep River Timebanking’s time management site and search for members who can perform the service you need and contact them!
Services can be all sorts of things! It might be teaching someone how to do something — say, reading a young child a storybook or teaching someone how to play guitar. It might be helping fix someone’s leaky faucet or repairing a fence. It may be picking up groceries for a senior citizen who can no longer drive, or perhaps shearing someone’s sheep! There are all sorts of services we can each provide with our time. We have created a list of Types of Services to get you thinking, but if it isn’t listed just let us know! If you’re interested in joining, go to our Membership page and download the form or create a membership on our time management site. It’s free to join!