get the facts > Time Banking > How do Time Banks work?

 

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How exactly does it work? Once you join the getavision TimeBank, you can earn TD$ by using your time and skills to help others. When you spend an hour doing something for someone, you earn a TD$.

Then, you can use that TD$ to “purchase” an hour of a member’s time. You can also earn TD$ by attending member gatherings, assisting getavision and recruiting your friends to become members.

In fact, to help get you started, we will give you TD$ when you join!

TimeBanks manage and track a time-based community currency called Time Dollars. Members earn one Time Dollar for each hour they spend helping another person and spend one Time Dollar for each hour they use someone else’s help with a service, project or even a product.

I help you, you help another, and that person helps another and we each earn one Time Dollar for every hour we contribute. These exchanges are the method whereby TimeBanks USA intends to achieve its mission to rebuild family and community, create systemic change and advance social justice.

TimeBanks reward individuals for their contributions, turn recipients into participants and connect people by creating webs of support both for people in need and for those who wish to give back to their communities and society.

They expand and strengthen the web of connections within communities, promote reciprocal relationships among members, and create a means for communities to take care of their own.

Last updated on October 21, 2010 by getavision admin