How TimeBanks Help

by Stacey Jacobsohn, Time Initiative of Maine 

 

TimeBanks help people
 They help people save and stretch their cash
 They help people connect and get to know each other, including people of different ages, races, backgrounds, and abilities
 They give members access to skill-building and ongoing learning and job opportunities
 They value every member’s assets equally, enabling and encouraging everyone to contribute
 They help members create a social network that’s supportive
 
TimeBanks help non-profits, because…
 They connect organizations more firmly with their surrounding communities
 They provide a way to make “clients” into “contributors”
 They can stretch the agency’s budget and resources by bringing the skills and resources of community members and clients into the mix
 They provide a network of in-kind supports and volunteers nearby
 
TimeBanks help communities, because…
 They help encourage people to get to know each other, including people of different ages, races, backgrounds, and abilities
 They help to bridge communities/neighborhoods that might not interact
 They have a unifying effect
 By making neighbors accountable to one another, they can help to reduce crime and truancy, and increase neighborliness and pride in community 
 They give members access to skill-building and ongoing learning and job opportunities
 They value every member’s assets equally, enabling and encouraging everyone to contribute
 They help members create a social network that’s supportive
 
TimeBanks help local businesses, because…
 Providing a local currency encourages local spending
 People’s resources are better used, and they can therefore better afford to spend their money locally
 They connect businesses more firmly with their surrounding communities
 A happy neighbor = a happy shopper!
 Active participation in the community results in customer loyalty
 They make it easier for businesses to find alternative resources