Timebanking is a free exchange of time and skills. An hour of your time helping someone earns a ‘time-credit’. This can be exchanged for an hour of help that you need. For example, you could do an hour of gardening in exchange for an hour of cooking, a haircut or a car repair. Almost any type of help can be offered and everyone’s skill is worth the same, regardless of the activity. Everyone is equal in Timebank: 1 hour = 1 time-credit.
Timebanking increases the pool of resources in a community and makes those resources available to everyone, without the need for additional money.
The great thing about timebanking is that everyone has something to offer and everyone can take part no matter what skills or experience they have.