What is Timebanking?

1 Hour = 1 Time Credit

Timebanking is a way of trading skills, time and knowledge in our community, where time credits are used as payment. Instead of dollars you earn credits for the work you do, and then can use them to ‘buy’ another member’s time.

We trade our time credits in the website members-only area. Members post offers and requests. Then if we see something we can help with, or an offer we would like to spend our time credits on, we contact that member. We can also spend time credits at Timebank workshops (or earn credits if you teach the workshop!)

Everyone’s time is equal no matter what type of work is done…

So one hour always equals one time credit

Every person is equally valued, and everyone has things to offer – things that we are good at, things that we enjoy.

Timebanking is a great way for people to benefit and learn from one another, to meet people, and to get help with things you can’t do. You can also learn new skills and share your talents with people.

How does Timebanking work?

Timebanking is easy!

Once you have become member of our Timebank you receive log in details that are used to access our trading software. Within this software you have a Timebank account through which you can create your own profile and look for trades. This includes:
offers: things people are offering to help with; and
requests: things people would like help with.

You can respond to other people’s requests and offers, or post your own with specific things you would like to help others with, or things you need help with.

Once you have completed an exchange or trade, your hours are logged via this online system that keeps track of trading. Logging trades can also be done via the Timebank Coordinator if you don’t have access to a computer.

All Hutt Timebank members receive an information booklet which contains details about how to use our software as well as our guidelines and policies.

Core Timebanking Principles

We are all assets: Every human being has something to contribute and give, something worth sharing with others.

Redefining Work: Some work is beyond price. We want to redefine work to value whatever it takes to raise healthy children, build strong families, revitalise neighbourhoods, make democracy work, advance social justice and make the planet sustainable. This kind of work needs to be honoured, recorded and rewarded.

Reciprocity: Helping works better as a two-way street. Timebanks are based on giving and receiving. The question: “How can I help you?” needs to change so we ask: “How can we help each other build the world we both will live in?” The Timebank aims to build networks of people who support each other.

Social Networks: We need each other. Networks are stronger than individuals. People helping each other reweave communities of support, strength & trust.

Respect: Every human being matters. We respect people and the role they play in our community.

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