Benefits of Timebanking

Timebanking is a simple concept that can have a lasting impact on communities and people’s lives. Timebanks are about making things happen because people make a difference.

  • Creates new and positive ways for people to connect with others to make new friends
  • People who take part feel healthier, happier and less isolated within their communities
  • People become more confident and have improved self-esteem
  • Social inclusion – everyone has opportunity to participate and benefit
  • It can help people to save money as no money ever changes hands
  • Provides opportunities for informal volunteering that could lead on to other things
  • Timebanking reunites and strengthens communities, builds resilience, often re-awakening a sense of pride and community spirit