Someone who is quick to lose his money, either by being tricked or spending it wastefully.
If a person were to throw all their money away at a casino and gain nothing in return, the common idiomA Fool and His Money Are Soon Parted might be used to describe how senseless the decision was.
There's different types of scams out there on the internet we all try to avoid. You know, like getting emails that attempt to deceive people into handing over gobs of cash for what they think is probably a good idea, but the sneaky person really just wants the money.
I receive plenty of emails with questionable antics, which I promptly delete because of the likelihood of it being a scam, but there are people who fall for such unforunate, dishonest tactics.
While the popular expressionA Fool And His Money Are Soon Parted can be an appropriate phrase to use in these cases, a person has to learn someway, right? It's either the easy way, the other is the hard way but with experience comes wisdom, I guess. Oh sorry, do you want the phrase origin? Okay, sorry.
Idiom Origin:
This popular phrase has been around as early as 1557. Thomas Tusser, a poet and farmer, wrote a poem called Five Hundred Point of Good Husbandry. In the poem, the expression was written:
"A foole and his money be soone at debate: which after with sorow repents him too late."
This is an earlier version of the same common saying we use today, with a somewhat different meaning.
Source: Wikipedia
The Popular Expression Being Used In Sentences:
"My friend was scammed out of $100 a few days ago when he went to purchase a new bike from someone a few miles away. He should have been more careful with his dealings, but then again, a fool and his money are soon parted."
"I read in the newspaper about someone who won a million dollars and spent it all on himself in one day! That's seems like such a waste, but as the saying goes, a fool and his money are soon parted, indeed."
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Note: For most popular sayings and other common phrases you come across on this site, finding the precise phrase origin is difficult. What's provided is around the earliest known date the expression was being used in.
Usually the expression comes from a quote found in an old newspaper, book, poem, or play. However, if the idiomatic phrase is already being used in one of those, it's likely already a well known saying, thus it should be assumed the origins are older.
There are rare cases where determining an idiom's origin is possible. Anyways, for the most part, you'll get a rough idea on how long ago certain phrases were being used in, and can get a rough idea on how old they are.
knowyourphrase.com - Meanings and Origins of Phrases