Should we have a Time Bank in Kingsbury?
A Time Bank for Kingsbury? Timebanking is a system of trading units of your time – a means of exchange to allow people to help each other and to receive help. For example I may need my hedge cutting. I can ask a member of the Time Bank to do this for me. I don’t pay any money. Joe cuts my hedge- it takes him 1 hour, so he is credited with one hour of Time. I have been debited an hour of my time. I can teach computing skills so I might earn that hour back by showing my neighbour Edith how to get on line. Joe meanwhile can use his hour earned from cutting my hedge to have an hour’s help decorating his kitchen. And so on. Your time is equivalent to another person's time. Hedge cutting is simply equivalent to teaching computer skills in units of time. There is no monetary cost per hour. By receiving and giving in this way, people come into contact with each other, make new friends and become involved in the community - ideal if you’re feeling lonely or disenf...