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Microsoft Windows XP is the sixth release of the NT series of operating systems, and was the first to be marketed in a variety of editions: XP Home and XP Professional, designed for business and power users. The advanced features in XP Professional are generally disabled in Home Edition, but are there and can be activated. There were two 64-bit editions, an embedded edition and a tablet edition.
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After you have done the wizard, do not click the Finish button. Click the Advanced button. In there, you can choose what type of the backup that you want like Incremental, Differentially, Daily etc. You can also Append/Overwrite an existing backup, scheduled (Daily, Weekly, Monthly etc).
See the Windows XP Backup Made Easy: http://www.microsoft.com/windowsxp/using/setup/learnmore/bott_03july14.mspx.