By Rachel Scully

Does earning more money make you happier? Not everyone agrees.

According to the Household Expenditure Survey conducted by the Department of Statistics in 2007 and 2008, the average household expenditure per month is $4,388.

That figure could be slightly larger now, with the rising cost of living.

However, would earning more necessarily make one happier? Or does how much you want and need dictate your pursuit of wealth and happiness?

RazorTV went on a quest to find out what "the magic number" is - the minimum amount of money you must earn a month to be really happy in Singapore.

We discovered some interesting insights and spending habits of Singaporeans.