Common Wallet

Shared economy or common wallet is the name given to the idea of sharing income. Often, people live together in a housing cooperative and can share larger purchases. This is a more radical form of the sharing economy. Also assets, inheritances and property can also be shared, depending on depending on how a group wants to wishes to do so. The Niederkaufungen commune in Germany is one of the largest and oldest groups of this kind, with 55 adults. In Switzerland, there are several small sharing economies, and an umbrella association does not yet exist. One of the obstacles to starting a group is finding a bank that will issue multiple cards to a single account. The Urtenen-Schönbühl group has its account with Postfinance and the Basler Freie Gemeinschaftsbank. [](Saturday, March 19, 2022, p. 11)

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The Common Wallet is an initiative of 11 Brussels-based people who, since January 2018, live out of a common bank account. They wire all their individual income into the shared account, and each uses the money according to their needs, wishes and desires, no matter if it corresponds with the income they contributed or not. In the workshop participants will be invited to look into their personal relationship with money and share it with others. It aims to allow each participant to go through the practical functioning of the Common Wallet as well as create situations for themselves to question what it practically, psychologically, ethically, socially or professionally could mean to engage with such a practice of financial commoning in the everyday life. What is needed to create trust and unlearn distrust? How can a feeling of financial security be created in situations that are constantly in movement ? pact-zollverein.de