What is the timebank?

The SF Bay Area Community Exchange (BACE) timebank is a market for goods and services that uses a person’s time as the currency instead of money.  For every hour you spend doing something for someone in your community, you earn one hour to use to have someone do something for you. It is an alternative way to give and receive resources. It’s that simple.

timebanklogoIt’s more than a barter system.  If you help someone out for two hours, you can redeem the two hours of credit from anyone in the system who has something you want, not just the person you helped.

The timebank is a volunteer-run, free, nonprofit organization that partners with local groups like PODER, The Bike Kitchen and Community Living Campaign in an effort to strengthen community bonds.

What can I get from the timebank?

Gardening, music lessons, dog walking, child care, eggs, transportation, computer help, physical labor, resume coaching, tax help, massages and more!

How do I participate?

Go to the timebank website, create a profile, and start posting offers of your skills and requests for the skills of others.  Look at requests for things you can do and contact those people with offers to help.  They’ll do the same, and you’ll be on your way.

What does this have to do with Live Local?

The Mission is a diverse neighborhood, home to different kinds of people with a variety of skills.  Every month, Live Local will host a timebank party at the Mission Community Market for interested people to meet up and figure out how they can help each other out.  The next Timebank meetup will be on Thursday, 12/16 at 7pm at 1720 Market (at Valencia).

Live Local has no financial interest in the timebank or vice versa.  We’re just big fans.  Sign up and start exchanging today. **Update** I’m now a Timebank board member.  I still receive no compensation for my board membership except for a NoBAWC membership card.

How are different people’s skills valued?

Everyone’s time is valued equally, at least in the happy timebank world.