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Time Banks

Digital Tools Fuel The Rise Of New ‘Time Exchange’ Solidarity Economies

In Kent, Ohio, older white women and immigrant families are forging unexpected connections through a time exchange network. Through time exchanges — sometimes called time banking — members earn time credits by helping others, then redeem them when they need assistance themselves. It’s not barter, or charity; time banking emphasizes reciprocal exchange, recognizing that everyone has something to offer, and that we all need help sometimes. “The time bank usually has a need for healthy young men,” laughed Dawn Albright, president of the Kent Community Time Bank’s board of directors. “I would say, 70 percent of the members are older women.” Younger immigrant members of the time bank often offer assistance with household tasks, like carrying heavy things up the stairs.

Solidarity Economy 101: The Kola Nut Timebank Story

What if there was a way to trade time and share skills with your neighbors in a way that met a range of needs without involving cash? Since 2017, the Kola Nut Collaborative has operated Chicago’s only open-platform time and skills exchange, otherwise known as a timebank. Part mutual aid and community organizing, members come together to hear each other’s needs and share what they have to offer. Founding coordinator Mike Strode speaks with Laura about the changes he has seen in his community, how people are showing up for others, and what it takes to build a solidarity economy. Tune in for more on timebanking, and how it just might work in your community.
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