What is a time bank?

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time bank

Have you ever heard about the time bank, if you have no idea about it, there is no doubt that you should know everything about it, because in the first place it offers a system of exchange of services for a particular time, but it is composed of a unit or currency of exchange known as "the hour".

Regardless of the type or level of service provided, the type of exchange service is totally varied, and are related to an aid for solve different needs that arise in everyday life, this may include an exchange of time where you will find the opportunity to discover the resolution of different needs.

Support and investment after the bank of time

Collaboration with others occurs through the time bank, because this system forms an exchange under a modality of collaborative consumption, but appealing to the unit of exchange under a measure of time, that is, everything is based on that dedication or provision of time.

For this reason it is an offer of a service, to get units of time, because what you have the most or the entire quote is applied on the time invested that is behind the service provided, because the real profit is found behind the person who provides the service and then exchanges it for some consideration.

This means that if you are part of this system, with your profession for example as a designer, you can offer a logo in exchange for two hours, this time is accumulating progressively so that it can be exchanged later for the service that you need most, in this way when an unforeseen event or requirement arises, it will be time for the exchange, this is part of the collaborative consumption examples.

Offering and collaborating in a single system

Participation in a time bank meets a win-win dynamic, because on the one hand you can offer your knowledge, skills and experiences to respond to the needs of others, then in exchange for this you can receive benefits from the collaboration by another participant of this system.

In the midst of collaboration within this system, a variety of services are included, they are a wide open door so that you can receive demand and in return you have the availability to receive help later, especially since this covers a significant variety of topics or practices.

The most important thing about this diversity of services, is that in the end you can help people through this practice, where the only condition is to provide this help to receive similar support later, this initiative or conformation makes a difference because problems can be solved effectively.

Anyone who wants to offer their skills and experiences in the form of a service, can make a profit under the same mechanism, this can be interpreted as a series of favors, in this way it is also possible to form social relations and greater solidarity values can be strengthened..

Time as the most precious exchange

Through the practice of time bank, man's most valuable resource can be better managed, such as time, that's why dedicating it to contributing to someone else, you can also receive someone else's time as a precious gift, through the design of this system a more united and productive society can be formed.

At present, the collaboration of this system is called an adventure towards entrepreneurship, with different functions but in all, the person involved can be benefited in all aspects, to be understood as a community that is capable of designing an independent modality of exchange.

The monetary aspect is excluded, in exchange for reciprocity of services, as a kind of support, which is developed from this alternative where time is valued and at the same time the type of talent you are able to offer, it is a professional collaborative action, although this suits any approach.

The abundance of sharing time

Time as a precious commodity is imposed as a bargaining chip to create and promote profitable exchange., this network issues a meeting that will later be functional to solve your complications, therefore the figure of the time bank increases its relevance in all aspects.

It's interesting to discover how your talent can bring great benefits, this means serves to put into practice your knowledge or experience, and in return you can receive a helping hand when you need it most.

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