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