Welcome to the site.
I was just looking through the thread below yours the other day on Shell Busey's website. There are two short videos that breifly explain how you can insulate your basement. It shows you how to insulate as well as how to run a vapor barrier correctly around the new wall and insulation. Very good ideas.
You may or may not have to go to
his site and register there to get access to the videos.
Video1
Video2