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Save cash, do good: Join a time bank!

Filed under: Banks, Entrepreneurship, Saving, Charity

Time banking is a must do for anyone interested in doing good and saving money at the same time.

Time banks ask their members to provide services to their community neighbors, in return for Time Dollars. Those Time Dollars can then be spent on a service that you would like to have. The services range from giving someone a ride to the airport to cooking dinner for a family whose parents work late, but all services offered depend on who is a part of the time bank and what they have to offer.

A Time Dollar is basically equal to an hour's worth of work. If you do community service for the time bank for an hour, you then receive one Time Dollar and can then use that Time Dollar to "purchase" an hour's worth of work.

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