Headlines 8 May 24

Time banking is a system where people exchange time and services with each other and the value is measured in the amount of time spent rather than the arbitrary monetary value of said time or service. In a time banking system, individuals offer their skills, talents, time and services to others in their community and sometimes receive “time credits” in recognition of the hours they spent helping others. These time credits can then be passed on to other members of the community if they so choose. The concept of time banking is based on the principle that everyone’s time is valued equally, regardless of the type of service provided. Time banking fosters community building, reciprocity, and the exchange of skills and resources among individuals in a way that is equitable and without class or educational discrimination. It’s often used to strengthen communities, promote social inclusion, and address local needs, among other things.

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