8 Steps to Creating your TimeBank


1. First thoughts:
What do you want to achieve with your TimeBank?
Who do you see joining?
Who can you ask for help and support?

2. Learn about TimeBanking and brainstorm:
Visit www.timebanks.org for more info
Call up existing groups and talk to them
Brainstorm with your friends and supporters
Take a TimeBanks training and learn how you can shape your TimeBank to fulfill your goals and your mission

3. Get ready to organize:
Form your advisory group
Get buy-in from those who will help your TimeBanks succeed
Think about who will take on the coordinating roles: a paid coordinator? A small team of members?
Create an action plan with an operating budget and start date
Begin looking into funding sources

4. Set up a base for your TimeBank:
Find an office (best of all, where people can gather), a computer, and a phone for your TimeBank
Have your TimeBank coordinator/s begin

5. Start your outreach work
Create a brochure for new members and do outreach
Prepare a members’ handbook and orientation materials
Send out invitations to your first new members’ orientation

6. Hold your first meeting:
Hold an orientation for new members
Sign up your first new members

7. Set up the first exchanges:
Help members set up their exchanges
Seek out opportunities for targeted group activities
Celebrate success

8. Keep Going and Growing:
Turn to your members for ongoing ideas, support and energy.
Remember: Small + Small = Big!

Ten Tips for TimeBank Success

1. Bring members together at regular social events. Food is a great way to boost attendance!

2. Encourage members to help with the administration and decision-making roles of the TimeBank. This gives the Exchange energy, makes local connections, and shares valuable knowledge.

3. An effective paid TimeBank Coordinator is a key factor in ensuring the successful growth of a TimeBank.

4. Be creative! TimeBanks thrive through exchanges that join together needs and strengths of people, organizations, businesses and agencies in ways where everyone wins. Group projects and celebrations will bring a special energy to your TimeBank.

5. Maintain a limited geographic area. This makes it easier to bring members together and exchange services.

6. Encourage members to request services. The tradition of relying on each other has been lost in many communities, and people find it hard to ask. Try this: Give an award monthly for the member with a positive balance who has spent the most.

7. Provide opportunities for members to contribute as soon after they join as possible. Be sure that new members who offer help are called on within the week – this is VERY important!

8. Make user-friendly forms and materials

9. TimeBanks thrive when members can dream together of group projects that strengthen the community and bring support for the TimeBank.

10. Make plans for sustainability from the outset. Member support – through contributions of time, energy, or dues – is key for success.

For more info visit TimeBanks USA www.timebanks.org

If you are interested in starting a TimeBank, please contact:

Michigan Alliance of TimeBanks


Check our “Find a TimeBank” page to look for a TimeBank or people looking to start one in your community.