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Montague Time Bank: Press Releases

What is Time Trading?

 

Time Trading is an organized exchange system through which members earn Time Dollars (TD$) for time spent helping other members.

One hour of service earns one TD$, no matter what the service.

Members can “buy” hours of service they want or need with TD$. Everyone’s time and service are valued equally.

Valley Time Trade keeps track of service offers, requests, exchanges and TD$ through an online database called Community Weaver.

We are part of a movement across the country and across the world. There are over 100 Time Banks in the United States and similar systems operating in over 25 countries.

How does it work?

Trader Maria fixes Trader Al’s fence, which takes 2 hours. She earns 2 TD$. With her TD$, she purchases 2 one-hour guitar lessons from Trader Juan Carlos. Trader Juan Carlos spends his TD$ on a massage from Trader Jamila… It’s easy: give what you want, get what you need!

Anyone in the community can sign up to be a member. Each potential member attends an orientation and fills out an application. Once this process is successfully completed, the member is granted access to log on to our secure website, where members post service requests and offers. If a member does not have a computer or Internet access, we will assist in managing their account.

We ask people to pay yearly dues ranging anywhere from $50 per year to $10 a year. No one will be turned away if they can not pay. Organizations can become members as well.

Posted by Katieday - February 27, 2011




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Mutton and Mead
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Tue, May 28
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Wed, May 29
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