Meaning of the word "a fool and his money are soon parted" in English

What does "a fool and his money are soon parted" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a fool and his money are soon parted

US /ə fuːl ænd hɪz ˈmʌni ɑːr suːn ˈpɑːrtɪd/
UK /ə fuːl ænd hɪz ˈmʌni ə suːn ˈpɑːtɪd/
"a fool and his money are soon parted" picture

Idiom

a proverb meaning that foolish people spend their money quickly or are easily tricked out of it

Example:
He spent his entire inheritance on a luxury car he couldn't afford; a fool and his money are soon parted.
I can't believe you fell for that scam; a fool and his money are soon parted.