Show & tell: budget options — am I overthinking this? [v4]

The trade-offs here are not obvious to me and I keep flip-flopping. Long-time lurker, first-time poster.

I want to write something more comprehensive about this later but starting with a quick post to gather thoughts. Long-time lurker, first-time poster. Not sure if this is the right place to ask, mods please remove if it is not.