Time banking, time credits and CamLET’s
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People within communities can come together to help others, and themselves at the same time.
A Timebank member can earn time credits by giving practical help and support to others. Everyone’s time is equal so one hour of your time volunteering earns you one credit which can be exchanged for an hour of something that you need.
Time Credits
Time Credits are a way of exchanging time spent volunteering in return for services and experiences that you can share with others.
How it works
Time Credit systems work on a simple hour-for-hour basis: for every hour you give to your community you earn one Time Credit, which you can then spend on an activity of your choice.
You can earn time credits by:
- Litter picking
- Driving the mini-bus for the local day centre
- Helping out at your local youth club
- Attending or setting up a peer support group
You can spend time credits:
- At the place where you earned them
- On the local activities and opportunities
- Give them to someone as a thank you
- Somewhere across our UK network
You can give time in ways that match your skills and interests, and spend your Time Credits with our diverse range of fantastic partners across the UK who offer everything from swimming to learning a language.
CamLETS
LETS stands for Local Exchange Trading System.
It is a way a community can trade skills, services or goods without needing or using real money.
CamLETS welcomes members from all over the Cambridgeshire area. All kinds of skills are both valued and needed.