Spending money on a new iPhone or Apple Watch right now is not a good idea. Apple said on Wednesday that it will hold a fall event on Sept. 7, which is almost certainly for the iPhone 14

It could also show off new Apple Watches, but Apple sometimes holds these events at different times. Bloomberg said, new iPhones could start shipping as soon as Sept 16, which is only a few weeks away

You might not even care about getting the newest and best things. Just an iPhone is what you want. Fair enough. Still, there are reasons to wait

Apple usually lowers the prices of iPhones that are a year old after it releases a new model. So, if you wait a couple of weeks, you'll also save money

Bloomberg says Apple plans four new iPhone 14 models this year. Expect a standard version, a bigger-screened version of the regular model, and two Pro models with added bells and whistles

People who want the biggest screen on an Apple phone but don't want to pay more than $1,000 for the iPhone Pro Max might be interested in the iPhone 14 with a bigger screen

You may also want to think of it as an investment. Every day, you use your phone. It's likely that you use it to take pictures and maybe play games

So if you've had it for a while, get the latest model when it comes out. If you can't afford it now, consider budgeting for it next year. It will be updated for years

The Apple Watch is the same. Apple is likely to release a new Apple Watch SE model in the middle price range

That was last updated in 2020, so it should be a big step up for the cheaper model and probably bring some features that have been in more expensive models for the past couple of years

Additionally, Bloomberg claims that Apple is developing a new Apple Watch Pro that could be more durable. So, you could also want to wait if that appeals to you

You make the choice. But it seems like not everyone knows that new iPhones come out in September. At this point, I think you should just wait and see what other options you have. It shouldn't hurt!