Turning Time Into Money in the Bank

By Jessica Greene
|  Tuesday, Apr 13, 2010  |  Updated 2:55 PM PDT
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Turning Your Time Into Money in the Bank

The "you scratch my back, I'll scratch yours" concept takes off at the Sobrante Time Bank in Oakland.
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Time is money, as the old adage reminds us. And now, there's a way you can turn your time into money in the bank.

Sobrante Time Bank in Oakland gives people a way to trade services among each other, in the spirit of the "you scratch my back, I'll scratch yours" idea.

The Time Bank concept came about as the economy started taking a dive. Businesses and people join the bank and sign up to provide services in exchange for other other jobs. It could be as simple as a ride to the airport in exchange for pet sitting.

Paul Butler started the Sobrante Time Bank in Oakland under the guidelines of TimeBanks USA, a network that takes the concept of helping others to a global level. People and small businesses join the bank and form networks that include several services throughout the community.

It's free to join the Time Bank. Members who perform duties earn "Time Dollars" that can be exchanged for other services.

So far, the Sobranante Time Bank has 180 members.
 

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