The Integrative Potential of Time Banking ver1.23.15
by – Marie Wilson Nelson & Tony Budak
Time Bank Mahoning Watershed (https://tbmw.org/) is a community service exchange or “Time Bank,” a collection of people and organizations who connect unused resources with unmet needs. Time Bank Mahoning Watershed is part of an international social change movement grounded in five core values articulated by founder Edgar Cahn in No More Throwaway People: The Co-Production Imperative:
- Assets: We are all assets. Every person has something of value to offer.
- Redefining Work: Some work is beyond price.
- Reciprocity: Helping works better as a two-way street.
- Social Networks: We need each other. People helping each other reweave communities of support, strength and trust.
- Respect: Every human matters. When respect is denied to any, all are injured.
Acting on these values our Time Bank fulfills its mission— Time Bank Mahoning Watershed, Inc., an umbrella network of Community Groups based on Time Dollars, the currency of equally valued services, the exchange of which empowers individuals to utilize their assets, to enhance their lives, neighborhood and communities — promoting equality and building a caring, just and sustainable community economy through inclusive exchange of time and talent. The concept is simple. Members help someone for an hour, earn an hour of credit, and spend the credit on services offered by any other member. Reweaving community one exchange at a time, they document exchanges in an online database and revitalize what Cahn calls “the core economy” on which the Market depends. The core economy includes;
- Raising healthy children
- Revitalizing neighborhoods
- Making democracy work
- Nurturing the spirit
- Building strong families
- Strengthening local economies
- Advancing social justice
- Making the planet sustainable
Community Partnerships. Time Bank Mahoning Watershed invites groups that are closely aligned with these values to become partners and begin exchanging services. Signed agreements reflect what each group can offer and what each needs. Partners may be businesses, governments, arts associations and social service agencies, neighborhood and community groups, health-care facilities, educational institutions, and faith communities. (Partisan political groups are the exception.) Partnership accounts are designated in several ways:
- non-profit (ORG)
- family (FAM)
- business (BIZ)
- faith-based (FAITH)
- club (CLUB)
- governmental agency (GOV)
- project (PROJ)
- educational (EDU)
- medical (MED)
- arts (ARTS)
- Unincorporated community groups (GROUP)
Family Accounts. After some training and after signing an agreement, a parent may set up a family account and manage personal accounts for children and a spouse. Children may then make supervised exchanges, but only the designated parent arranges these exchanges, posts offers and requests, records the Hours exchanged and takes responsibility for family members’ safety and the exchanges they make.
In the PBS documentary Fixing the Future, time bankers help each other weatherize homes, access medical care, eat healthier food and take sailing lessons (8-minute clip: http://video.pbs.org/video/1646871620/). They contribute to low-carbon lifestyles, reduce transportation costs and provide services within neighborhoods. They grow capacity for community groups, non-profits, small businesses, and government groups, serving schools, hospitals, churches, libraries, and court systems. They do so by
- Offering groups an expanded pool of volunteers.
- Providing something valuable groups can give back to volunteers.
- Identifying and connecting unused community resources with unmet needs.
- Incubating new businesses.
- Facilitating restorative justice.
- Lowering operational costs.
- Keeping prices low for businesses, clients and customers.
- Reducing medical expenses.
- Helping elders age in place.
- Mentoring & tutoring.
- Offering internships and on-the-job training.
- Reducing tax burdens.
- Containing administrative costs.
- Tracking volunteer hours for reporting in funding proposals.
Each of these benefits reverses the opportunity costs of not banking time. In addition, paying volunteers in Time Bank Hours could support start-ups in under served communities. A few potential examples come to mind:
- Weatherization projects
- Urban farms Plant nurseries
- Food preparation and distribution
- Water catchment Backyard garden installation
- Home building Home repair
- Solar installations
- Canning and preserving
- Home Repair
Any group aligned with the five core values may partner with a time bank:
- A D.C. time bank partners with a Youth Court, keeping juveniles out of the adult system. http://www.youtube.com/watch?v=Hqp8MzJzm4M&feature=youtu.be
- Homecoming Academies meet community needs and reduce recidivism by helping people returning from prison reintegrate into their communities. http://nationalhomecomers.org; http://www.danecountytimebank.org/homecoming—community-justice.html
- United Way and local physicians join Maryland Partners in Care to offer seniors companionship, transportation, repair & emergency response programs, plus emergency kits and a time bank boutique. http://www.partnersincare.org/
- An Oakland time bank brokers exchanges for members without computers; time bank references added to résumés help some members find jobs.
- The Visiting Nurses Service of NY runs a 3,000-member trilingual time bank. http://www.vnsny.org/community/in-the-community/community-connections-timebank/
- Seeing VNSNY’s success, Mayor Bloomberg set up time banks in every borough of New York. http://www.nyc.gov/html/timebanks/html/home/home.shtml
- In Madison, WI, time bank members buy goods they need at Maxine’s Time Bank Store. http://www.danecountytimebank.org/maxines-timebank-store.html
- A Maine time bank incubates worker-owner cooperatives and teaches others to do so http://www.youtube.com/watch?v=cgI24bsgHao&feature=youtu.be
- Hundreds of Fureai Kippu groups manage elder care in Japan. The model has now spread to China as well. http://en.wikipedia.org/wiki/Fureai_kippu
- The Lyttelton, NZ, time bank coordinated the city’s 2011 earthquake response with fire, police, St John’s, the navy, army, coast guard, ambulance & civil defense services. http://www.lyttelton.net.nz/timebank/lyttelton-timebank
- Bernard Lietaer proposes a time bank innovation that creates a “learning multiplier” in Brazil: http://www.lietaer.com/2010/01/the-saber/
- Research shows that, having gained Tony Blair’s support, some 300 British time banks have transformed professional/client relationships in the National Health Service. http://www.timebanking.org/
In the spirit of reciprocity, Time Banking offers community partners:
- A complementary currency, the Time Bank Hour, created by doing some work.
- A means of rewarding unpaid work by converting it to goods and services.
- A way to reactivate social capital that lies untapped within neighborhoods.
- Proven models for co-producing each other’s operations.
- A way to restore community values ignored by the market economy.