What IS an Hour Exchange? What IS Time Banking?
An Hour Exchange and Time Banking are just two different terms for the same idea. The idea is… “a member provides a service to another member. And it’s a lot like volunteering, but, in return, they earn one time dollar, which is not a piece of paper. People write it down, but eventually they enter it into a computer program. And the time dollar they earn, they can then spend on the service of another member who’s in the whole time banking system. A time dollar is an hour. So, an hour earns you a time dollar, no matter what the service, so that right away is a radical departure from the formal economy, where different services are worth different things, depending on scarcity and supply and demand. In this case, in a community, everybody’s time is equal. So, economists, for that reason, often find this completely foolhardy and incomprehensible. And, fortunately, so does the IRS, because that is considered a noncommercial transaction, and therefore nontaxable.” ~RICHARD ROCKEFELLER, founder, Hour Exchange Portland
How much does it cost to be a member?
Nada! Membership is absolutely free!
What services can I get?
Anything! Everything! …that is anything and everything that our members offer. So, if there is a service that you need, but there’s not a member that offers it, find a person that offers it and tell them about our group. Invite them to join!
Who can join?
How do I keep track of my hours?
With this amazing, free software. Hours are submitted and tracked online… kind of like a bank account.