One Step Between Capitalism and a Gift Economy
Time Banking is a way of giving and receiving to build supportive networks and strong communities.
Earn one hour by helping another person.
(also called time credits, service credits or time dollars.)
Time Banking builds on the magic of “pay it forward,” one good turn leading to another and another.
These hours are very valuable and every member's work has the same value: one hour for one hour.
This means that every person has the exact same amount to exchange: 24 hours a day.
Essentially you are giving others a part-time job if they want one.
Here is how it works:
I earn a time credit by doing something for you. It doesn’t matter what that “something” is.
You turn around and earn a time credit doing something for someone else in your Time Bank Community.
It is as if you are giving a member money to spend simply by taking their offer. You are "hiring" them for the job they want.
For example, someone might offer:
an hour of gardening
an hour of child-care
an hour of dentistry
an hour of home repair
a ride to the store and back
an hour of teaching someone to play chess
an hour of business consultation
an hour of massage
one hour of being a boy scout den leader
one hour of help with your housework
one hour of help with homework
The possibilities are endless.
Who can be involved in Time Banking?
Anyone can earn time credits by contributing to others. Any age and any level of ability.
Likewise, anyone who has earned time credits can spend them on any offer in the system. Or they can pass on the time credits to others who may need them more.
Groups, organizations, government agencies, churches, and businesses can become members, and "pay" for time, energies, skills and resources with "points." This is especially powerful for organizations that survive on the generosity of volunteers.
Global Well-Being REQUESTS:
The unique benefits that Global Well-Being offers include a network of standard requests that anyone can volunteer to do. Often these are things that our members are already doing, but are not receiving anything in return. We employ a unique format that allows our members to quickly earn credits to spend by receiving credit for what they are already doing. With hours to spend you keep the system rich with exchanges. As you spend your hours on offers within the system you give someone else an opportunity to get some hours.
Global Well-Being OFFERS:
Global Well-Being created a network of standard offers that will assist individuals, families, churches and businesses to elevate the quality of energy they are pouring out to the world. It is our commitment to elevate the energy of the planet. See our Energy Scale and Building a Community of Well-Being.
OTHER TIME BANKS:
hOurWorld and TimeBanksUSA
Time Banks are springing up all over the world. This is new way of doing business that combines your gifts, your talents, your career and your life purpose. Offer what you have. Request what you desire. It's that simple. A time bank will calculate the hours you give and the hours you receive.
Time Banks provide the opportunity to employ those who would not ordinarily have a place in today's marketplace. The unemployed, under employed, handicapped, and mentally disabled may have important services they can provide to the overwhelmed mother or the struggling business owner. In exchange, the business owner might help a disabled veteran put up a website that would give him the opportunity to make a living through an online business. Not a hand out, but definitely a service based on charity and love.
- Get someone to help you make those business phone calls that would really help your business take off.
- Get someone to come in and clean your home while you catch up on some much needed rest.
- Offer someone a ride that lives on your way to the grocery store.
- Offer someone help moving.
- Cook a meal for someone who is sick.
A transition step between capitalism and a gift economy.
The gift economy promotes the idea of making sure every man woman and child has food shelter and clothing before expecting them to be a contributing member of society. Take care of the basic needs and each individual can soar to their highest potential without preoccupation with the acquisition of these basic human needs.