Timebanking

 

Timebanking is a system encouraging communities to exchange skills and resources without the use of money. Timebanking uses time as the currency where 1 hour equals one time-credit. So people earn and spend time-credits exchanging skills and resources, where a person gives an hour of time and then can get an hour from another person. These exchanges are recorded in the timebank.

Timebank Auckland Central

Timebank Auckland Central is based in Sandringham at Gribblehirst Hub and is currently the only timebank operating in Auckland.  It offers membership to individuals, community groups and different types of organisations.

There are around 30 timebanks in New Zealand and many hundred around the world, each unique reflecting the needs and interests of the community they serve.  For more information please visit the Auckland Central Timebank here>>

How timebanking works

Timebanking connects communities

Timebanking helps builds well-being in communities through the connections developed while making exchanges. Timebanks: 

  • helps build new friendships, confidence and skills, and often draws in people who can be hard to reach.
  • is a way to reward things which we value, like helping others or volunteering in the community
  • is a way for people get support from their community
  • recognises we all have things to offer which helps create healthy communities

 

Videos about timebanking

Quick video about how a timebank works.

Dane County Timebank is doing impressive things for it’s community including having a youth justice system.

Tedx Talk about timebanking

The Raglan timebank created a movie sharing why they love it.

Timebanking is now recognised as an effective way to engage people and build resilience in communities. The father Edgar Chan aged 82 is being interviewed by Forbes Magazine.

The UK Timebanking CEO Sarah Bird Tedx Talk is wanting to introduce time banking to the NHS. 

The Colchester Timebank: Called by one member a “Virtuous circle” where simple tasks get done for members who find these tasks difficult. This Timebank is focused on expanding to younger members.

Media coverage of the Vermont Timebank. This Timebank has been going for nearly 20 years.  One member had her first facial using Timebank credits.