Iphone 5 or ipod touch 5th gen? - 1

So the question I ask you is what one should I go with? Both have basically the same features, I was wondering if it is worth paying more, here in Australia, Iphones are normally $400 more than the Ipod touch of the same amount of gb, so is it worth buying an Iphone for what I want to use it for or is it better for me to buy an Ipod touch for everything I need?

Depends if you want the latest features apple has to offer. If I was you, I think instead of either, I would go with 4s, It has everything you need plus is going out cheap now with the new Iphone release, I believe you can do everything you need to, plus the phone is there when you need it.