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fool and his money are soon parted

A foolish person soon wastes his money. — A proverb.

Jimmy spends all his pennies for candy. A fool and his money are soon parted.

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Source: A Dictionary of American Idioms

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money

[money] See: [COIN MONEY] or [MINT MONEY], [EASY MONEY], [FOOL AND HIS MONEY ARE SOON PARTED], [FOR LOVE OR MONEY], [IN THE CHIPS] or [IN THE MONEY], [MADE OF MONEY], […] A Dictionary of American Idioms

soon

[soon] See: [AS SOON], [FOOL AND HIS MONEY ARE SOON PARTED]. A Dictionary of American Idioms

part

[part] See: [DISCRETION IS THE BETTER PART OF VALOR], [FOOL AND HIS MONEY ARE SOON PARTED], [FOR MY PART], [FOR ONE'S PART] also [ON ONE'S PART], [FOR THE MOST PART], […] A Dictionary of American Idioms

part company

[part company] {v. phr.} 1. To part with someone; leave each other; separate. * /The boys parted company as they came from the park./ * /George parted company with the […] A Dictionary of American Idioms

Slang is

"very informal usage in vocabulary and idiom that is characteristically more metaphorical, playful, elliptical, vivid and ephemeral than ordinary language" (Random House Unabridged Dictionary) - learn ~600 slang expressions

An idiom is

an expression "whose meaning is not predictable from the usual meanings of its constituent elements… or from the general grammatical rules of a language"

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