That’s the burning question for Slate’s Jessica Grose and her new husband Mike Winton. Married this past year, but domestic long before that, it dawned on the couple that they hadn’t pooled their money into one account. And why should they?

No really, they want to know. They began asking friends and family and noticed a generation gap.

“My first assumption was that we would pool all our money as soon as we were wed; after all, that’s what my parents did when they got married in 1972,” writes Grose on Slate. “But my parents’ circumstances were different from ours.”

Unlike her folks, Grose and Winton, both in their late 20s, have similar earnings, and a comfortable financial setup which she describes as “separate but equal.” They alternate picking up the dinner check, they divide the monthly bills, the rent. So why not keep things the way they are?

“Some personal finance experts think that if you don’t put your money all in one pot, you’re selfish,” Grose tells Shine. “I think that’s pretty reductive. I’m sure there are some married people who feel like their spouses want to hide something from them if they don’t want a joint account, but love and financial independence aren’t mutually exclusive.”

But in a culture raised with the golden rule of sharing, it’s not something she’s comfortable writing off completely.

It’s a different world from our parents’, but are we still following their rules? And does joining together in holy matrimony mean joining together in checking accounts too? That’s what Grose hopes to find out in her research over the coming months. She also hopes to come up with her own financial game-plan.
Joint accounts certainly do still work in a few cases though. Some friends of mine have a shared bank account and they have found that this makes them both more conscious about finding unique ways to save money together. For example, they feel compelled by their joint responsibility to look at their outgoings like energy bills to see if more affordable options are available. 

So, what do you think she should do? Would a joint bank account make you more likely to spend or save?