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No Price Tags: These Neighbors Built Their Own Economy Without Money [yesmagazine.org]

 

When Chinyere Oteh welcomed her first child in 2009, she found herself in a predicament familiar to many new stay-at-home mothers: Stress was high, but money and time were short.

“I thought to myself, I can’t be the only person trying to figure out how to have a healthy family life as well as make ends meet,” Oteh said. That’s when she remembered an article she had read on time-banking.

Time-banking is a model for trading skills, goods, and labor instead of money—a sort of barter system where members “deposit” hours doing things like teaching, cooking, or repairing things, and “withdraw” hours of other members’ services. It’s been around in the U.S. since the 1980s, and there are close to 500 such banks across the country today.

[For more on this story by Araz Hachadourian, go to http://www.yesmagazine.org/iss...thout-money-20180124]

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