During the Christmas holidays, many of us may begin thinking how we can be of help others and share our time and talents. Time banking may be the answer for those who are looking for new and innovative ways to spread cheer.
A time bank, also known as “time exchanges”, are about people helping other people in a system where everyone’s skills are equally valued and where everyone benefits. One hour spent helping another creates a time credit, which can be used to get help or “purchase” goods available from other members. Time credits can also be donated to friends, family, or charities who are members.
Some holiday examples of time bank exchanges could be Christmas tree cutting and hauling, putting up outdoor decorations, driveway or sidewalk snow removal, firewood chopping, rides to and from airports, crafting assistance, holiday food baking, letter writing, or gift-wrapping.
There are many possibilities to explore that do not have to be limited to personal needs or uses. Professionals can also exchange time. A small business owner may choose to offer so many hours of their services (i.e. computer repair, yoga instruction, massage therapy, tax preparation) in exchange for something they deed useful to their personal or professional goals and needs.