Two months to go until TEDxExeter! My second post about how to simplify your lifestyle, while connecting with your neighbours and local community, is about LETS.
Local Exchange Trading Schemes have been around for a long time. They are local networks in which people exchange all kinds of goods and services with one another, without the need for money. LETS use a system of community credits, so that direct exchanges do not have to be made. People earn LETS credits by providing a service, and can then spend the credits on whatever is offered by others on the scheme: for example childcare, transport, food, home repairs or the hire of tools and equipment. And the service is usually valued by time, so for example an hour of childcare will ‘cost’ the same as an hour of website development.