Which of the following is NOT one of the three basic elements of money management?

Investing is not considered one of the three basic elements of money management. The fundamental aspects of managing money typically include budgeting, which involves creating a plan for spending and saving; net worth, which is a measure of an individual's financial position by subtracting liabilities from assets; and financial goal setting, which involves establishing short-term and long-term financial objectives.

While investing is an important part of personal finance, particularly for building wealth over time, it is often seen as a more advanced or secondary focus that follows the foundational elements of budgeting, tracking net worth, and setting financial goals. Therefore, it does not fit into the core framework of basic money management principles as defined by these three elements.