Time Bank

Interested in trading service for service? Wanting a massage or acupuncture treatment? Looking for a babysitter or someone to put together your new crib?

The international, community organization Time Bank believes that each person has a skill that someone else finds valuable. The basic premise is that members offer services (everything from accounting to grocery shopping) and other members pick and choose what they need help with. Money never changes hands at the Time Bank.

For example, let's say you need a garden bed dug. You can post securely online or through a Time Bank Coordinator that you are looking for help or search out other members who list that skill. Once you find someone to dig your garden bed, you pay them one time dollar for every hour worked.

If it took the person 3 hours to dig your garden bed, then you have gone into "time dollar debt" by 3 dollars. There is no time frame for when you have to pay your time dollar debt off, but the premise is that you will then offer your unique services to someone else.

Now let's say that you offer guitar lessons and someone requests 5 hours of lessons from you. After those 5 hours you have paid off your 3 dollar debt and earned yourself 2 time dollars. And so the process continues....services provided and received without the exchange of money.

Check out their site to see if you have one in your community.