Alaya F says she was spending money ‘recklessly’, asked father to take control of her finances: ‘He refused, said if you can earn…’

 

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When things got out of hand, Alaya approached her father, Farhan Furniturewala, for help in controlling her bank account, but he advised her to take charge of her finances independently.  She proposed opening a separate bank account that only her father could control, but he insisted that she should be in charge of her earnings. “He told him that only he would have control over the account and all the passwords attached to it. I told him I would raise all the invoices to the bank account in question so all my money would directly go there and every time I wanted to buy something or go on a holiday, I would go to my dad and have a discussion about it and then come at a conclusion if I was doing the right thing. He could then transfer that money to my other account. I thought it would be great for me to monitor my finances because I would be actively having a conversation before making a spend,” she narrated.

 

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A grateful Alaya, who was recently seen in Bade Miyan Chote Miyan, said her father not “controlling” her money turned out to be a blessing in disguise for her. “My dad looked at me and told me, ‘If you can earn all that money, you have to have the ability to save all that money, too, without someone else interfering with your finances. Your finances are your finances. No one should have control over money or have charge of your money other than you. You need to be in sole control of your money and you will learn how to do it. I will guide you, help you and give you tips to save. If you can earn, you should be capable of spending and saving that money wisely,” Alaya explained.

The Gen Z actor, who is the daughter of Pooja Bedi, appreciated her father’s guidance, as she realised that giving away control of her finances would mean giving away a part of her independence. Over time, she improved her financial management skills and became more adept at saving. “Thank God! Happy to say that I have got better with saving and my finances. Everything costs money. As your career grows, so do expenses, and it’s essential to be mindful of your spending,” she acknowledged.

Even with the costs associated with maintaining a celebrity image, such as hair, makeup, photographers, and attending events, Alaya said she understands the importance of building wealth. “Everything has become expensive. You have to invest back into your business. Learning how to handle your finances early in your career will benefit you in the long run, and it’s crucial to manage your money wisely for a more stable future otherwise later, you’ll look back and say, ‘Yeh maine kyun kharida?,” she concluded.