Differences between the iPhone 5 and the iPod touch 5?

My mom might let me get the iPhone 5 or the iPod touch 5. First off let me say that I love technology and have since I was a little kid. I have and iPad 3 with 3G (which is mostly for school), I also have and iPhone 4 it is getting old and acting up but my contract isn't up for another year. What are the differences between the iPhone 5 and iPod touch 5? And which should I get?

You can't use a sim card on the iPod but the iPod is thinner personally I would go for the iPhone.

-Calling, texting and cellular data abilities are only available on iPhone.
-Design
-Processor: The iPhone 5 uses A6, and the iPod touch 5 uses A5
-iPod touch loop
-Camera: 8MP on iPhone 5 and 5MP on iPod touch 5

Get the iPod touch, no use spending a heap of extra money.

One is a phone with a built-in iPod and the other is just an iPod.

Get whichever one that you want.

I'd get the iPod Touch because…
- iPod Loop, to keep your iPod safe.
- You can download an app (like Pinger) to call and text, unlimited by the way, for free.
- You can still listen to music, download apps, use Siri just as you would with an iPhone 5.
- NO CONTRACT!

These are the reasons why I have the iPod Touch 4! I'm planning to buy the iPod Touch 5 though: D