I finished part of my basement (completed in early '19). I contracted out two items - drywall (I **** and got a killer deal) and spray foam insulation, as it was cheaper for a pro to do it than DIY by me.
IMO, closed foam insulation is the way to go. You can just do all your studs, electric, low voltage wiring, etc. without dealing with any insulation. When you are ready, get it foamed (closed cell for basements).
Spray foam is a great insulator but is also mold and moisture resistant.