STARTING AND RUNNING A TIME BANK Cover Image

СЪЩНОСТ, СЪЗДАВАНЕ И УПРАВЛЕНИЕ НА ВРЕМЕВА БАНКА
STARTING AND RUNNING A TIME BANK

Author(s): Diana Sabotinova
Subject(s): Economy, Financial Markets, Socio-Economic Research
Published by: Бургаски свободен университет
Keywords: time banking; time credits; complementary currency

Summary/Abstract: Time banking recognizes that every member of a community has something to offer others and that all of us will, from time to time, need some extra help. Unlike a traditional job - paid or voluntary - at a time bank everyone’s time is equally valued and rewarded. One hour equals one time credit that can be deposit at the time bank and can then be spent on services we would like another member of the time bank to do for us. Time banking is not intended as an alternative to the mainstream economy or to our public services. It is complementary to them and rewards the everyday acts of support that happen in our communities. Time banking provides a new kind of mutual insurance scheme - we all pay in with our time and then take out the help that we need.

  • Issue Year: 2016
  • Issue No: IX
  • Page Range: 121-127
  • Page Count: 7
  • Language: Bulgarian