Welcome to Jefferson Community Time Bank! We are dedicated to strengthening community ties, supporting our local economy, and promoting resilience in and around Jefferson County, WV.
What is a time bank?
A time bank is a community of people who support each other. We recognize that each person has talents to share, and that the overall community is strengthened when neighbors help one another. When you spend an hour doing something for an individual or group, you earn a time credit. Then you can use that time credit to buy an hour of a neighbor’s time or engage in a group activity offered by a neighbor. You get to know your neighbors and build an old-fashioned extended family of people who take care of each other. Time banks change whole communities.
What kind of services can I expect to give and receive?
Great question! Some of the most common transactions involve things that are considered “neighborly things”: a ride to the doctor, help in the garden, tutoring, cooking meals. But if you have more specialized skills you’re willing to offer — go for it! Teach guitar, help with a small businesswoman’s books, or build cabinets for someone. That’s the glory of this system — everything is possible. Remember: everyone has something to offer, and all work has the same value. An hour = and hour.
What is a time credit?
A time credit is equal to one hour of service.
How do I earn or spend time credit?
To earn time credit you must do an hour of service for another Jefferson Community Time Bank member or member organization. To spend a time credit, you must have a Jefferson Community Time Bank member complete an hour of service for you.
Can someone’s account balance be negative?
Yes, but we encourage members to always be earning enough hours for what they want to spend them on. Those with an abundance of time credits are invited to donate their excess credits to those in need.
What about hard costs like gas, ingredients, or materials?
Things that cost real money like gas for rides, ingredients for cooking, etc., should be paid by for the person receiving the service. Whether you buy the materials up front or pay the service provided back is up to the two of you. If you both agree, it’s also possible to add an extra time credit in exchange for the materials, but the default is to pay cash.
Isn’t time banking the same as bartering?
Nope – in time banking, you don’t need to decide how you’re going to work out an equitable trade with an individual. Instead, you perform the service — and bank the hour(s). Then, you decide how and when to spend your hours with any other member of the time bank.
Still have questions? Check out TimeBanking 101