We launched the Missoula Time Bank (MTB) in mid May of this year! A time bank can best be described as a service exchange which uses time rather than money as the unit of currency. In a time bank service exchange, a member provides a service for another member, banks the time hours and can spend them on a service that he or she needs.
Unlike volunteerism, where people donate services to those in need, members of time banks practice the principle of reciprocity. Everyone gives and everyone receives – ie. everyone has something to offer, and everyone has the right to feel useful. Skills are valued equally regardless of whether the service provided is a medical examination or yard work. Time banks empower individuals, neighborhoods and communities. At a time when our traditional economic system is stressed, time banking builds civic engagement, trust, reciprocity, self-respect and local resilience.
We are asking for donations to help us with startup costs such as training with the national service exchange network, marketing and event expenses, and funds to pay a part-time coordinator.
Thank you for supporting this heartfelt project.