The Time Bank of the Rockies (TBR) develops networks of shared time
between our members. We connect people and organizations in new ways to facilitate non-money based
exchanges of resources and services.
Our Time Bank community is located in beautiful Montrose, Colorado, serving members throughout
Montrose, San Miguel, Ouray, and Delta Counties.
Join our community today
and share your talents and skills with those of others. That way, we will all benefit from each other's
time and abilities!
How Do Time Banks Work?
Time Banks, also known as "time exchanges," are about people helping each other
in a system where everyone's skills and time are equally valued and where everyone benefits.
One hour you spend helping another member creates a time credit. Use your time credits to get help
for yourself or others, or to purchase goods available from other members.
An hour of your time will give you a time credit that you can use in the future.
You don't have to use your time credit with the person for whom you provided your service—you can
use it for any other product or service offered by another member. And there's no expiration date
for your time credits either!
Use your time credit with any member of our Time Bank whenever you face a need of any kind. Your
time credits can even be donated to friends, family, or charities!
Fixing the Future Clip 5: Time Banking
Exchanging Services Through the Time Bank
Time Bank of the Rockies offers a wide array of services through our helpful members.
Our range of services, talents, and skills are only limited by what our members are currently
offering each other. There are currently 40 categories of services offered, such as
Business and Computer, Construction and Home Repair, Garden and Yard, Health Care and so many more!
Each of these categories has subcategories offering about 500 different talents and skills. For
instance, members can find services like plumbing, painting, and odd jobs under Construction and
Exchanging Goods Through the Time Bank
Time Bank of the Rockies allows the exchange of items.
Offer your products for "sale" through the Time Bank. Members can "purchase"
your products using their time credits. You establish how many time credits your product is worth
to you. Remember, when someone purchases your product through the Time Bank, you earn time credits
that you can then exchange for another good or service!
Determining how many time credits an item is worth can be challenging. How can you estimate the
time you pay in exchange for freshly grown produce from another member's garden? Would I work an
hour for this? People are flexible, and so are we. As long as the parties involved are agreeable,
it's all good.
'So I posted a request on Time Bank of the Rockies. The help I received was tremendous.' Angie W.
'The community connections are the real benefit of this resource.' Robyn C.
'Not only did I have access to services I normally wouldn't be able to afford, like a yoga class
and health consultations, but I got to know a community, and even to feel a part of it, much more
quickly than would ordinarily be the case.' Julie E.
'I never realized the wealth of resources within my own community.' Sue A.
Although some skills are generally perceived as having a higher value compared to others,
Time Banks recognize that everyone is equal no matter what job they perform.
The goal is to build healthier communities based on mutual respect for everyone's efforts,
talents, and skills.
Because all time is created equal, we do not put value on the talents, skills, or aptitudes of
individual people. One hour of my time is equivalent to one hour of your time.
There is no money involved, only goodwill and care for our community and general wellbeing.
Services provided are non-taxable. Since 1985, the IRS has ruled that Time Banks are not deemed to
be bartering systems. The services you provide are non-taxable, making it simpler and more
beneficial to the whole community. You are providing "friendly neighborly favors"
"Time Bank is more about building community, sharing skills, and meeting new people than it
is about economics. Although all members benefit from exchanges that do not entail money, the community
connections are the real benefit of this resource. Regardless of your financial security, you contribute
skills about which you are knowledgeable and passionate, and you receive services that you need—all
while meeting new friends and perhaps folks you might not otherwise encounter."