Introduction
The human relation with money is historic and it is available in an
anthropological context (Argyle & Furnham, 2013: Maurer, 2006). From
the times of Sigmund Freud in Doyle (1992) psychologists have been
discussing money because money is related with positive experience and
its need is universal (Hassenzahl, Diefenbach&Göritz, 2010). Money as a
motivator is related to many attitudes (Mitchell, &Mickel, 1999) and
with personality as has been discussed with reference to Maslow’s
hierarchy of needs (Oleson, 2004). Money plays a role of satisfier and
improves wellbeing (Howell, Kurai& Tam, 2013); love for money is
related to satisfaction (Tan &Waheed, 2011).
Money as a factor in human life could make different types
of influences, but its influence in human interaction and ‘social
system’ is essential (Zhou, Vohs & Baumeister, 2009). Money is a kind
of power (Baldwin, 1971) and has proven influence on human strengthens.
Self-esteem is a human strength and it is related to mental and physical
health and with attitudes, even criminal attitudes are related with it
as well as economic attitudes (Trzesniewski, Donnellan, Moffitt, Robins,
Poulton&Caspi, 2006).
The influence of self-esteem is related to different factors
(Baumeister, Campbell, Krueger &Vohs, 2003). Money and self-esteem
interact in multiple ways in decision and other situations to the extent
that in some cases such effects influence entire personality (Zhang,
2009) as compulsive spending reflects low self-esteem (Hanley &
Wilhelm, 1992). Money creates stress (Norvilitis, Merwin, Osberg,
Roehling, and Young& Kamas2006) and the role of self in various kinds
of investments play a role (Zhang &Baumeister, 2006) moreover
subjective well-being is related to money (Diener&Biswas-Diener, 2002)
as are feelings of inadequacy (Christopher, Marek& Carroll, 2004).
Money is related to gender; it influences women’s gender roles (Atzmon
& Izraeli, 1993) and found influencing women’s roles in the
subcontinent (Borthwick, 2015). Men value money more as compared with
women (Edwards, Allen &Hayhoe, 2007). Perhaps because of the reason
that men and women receive generally different socialization positions
and patterns (Rinaldi, &Todesco, 2012): like age factor influences
women more as compared with men, moreover, so far as self-esteem is
concerned (McMullin&Cairney, 2004) body consciousness among women is
more (Fitzsimmons-Craft, Harney, Koehler, Danzi, Riddell,
&Bardone-Cone, 2012), in the similar manner some other economic
interests are also related to women (Gilman, 2017).
Social relations are not always related to health (Cohen, 2004).
Family types however reveal relationship (Chow &Lum, 2008). Money,
health and relationships are related to the happiness of married couples
(Dakin &Wampler, 2008). Moreover, spouses’ segregated and joint roles
(Spillius, &Bott, 2014), values (Scott, 2006), children and family
process (Mayer, 1997), child development (Yeung, Linver& Brooks–Gunn,
2002), child pleasantness (Allen, Edwards, Hayhoe& Leach, 2007) as well
as parenting and parent attitudes towards children (Aquilino, 2005) are
related to money.