The Austin TimeBank is a new, local program that enables individuals to provide and receive skills and services within a network of people and organizations in Greater Austin. Similar to concepts expressed in bartering and alternative currency systems, this grassroots initiative lets members exchange labor and assistance without using the U.S. Dollar. The TimeBank values equality and rewards the service of each person equally in that each member’s hour is weighed the same: One hour of service equals one Time Dollar, regardless of the type of skill offered. The Time Dollar earned can be spent on receiving an hour of service from another member. The Austin TimeBank was created to provide individuals with the means to reintroduce a reliance upon the resources found locally from neighbors, acquaintances, and community members while aiming to provide an alternative approach to community development and economic opportunity.
For every hour you put in, you can use someone else’s services for an hour.
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