Depends on what you are playing, of course. I always played a parlor guitar, which could be called a compromise between the two, although really it is the ancestor of both. The nice wide fingerboard is good for finger picking. But if you are going to play a classical guitar with folk music, it sounds like you are just going to play chords. Otherwise I can't see what you would use it for. And if thats all you plan to do, any El Cheapo will do; a classical guitar could be v. expensive.