It's a bad idea to plop down money for a new iPhone or Apple Watch right now.

It's a bad idea to plop down money for a new iPhone or Apple Watch right now.

 Apple announced Wednesday that it's hosting a fall event on Sept. 7 that's almost certainly for the iPhone 14.

It may also announce new Apple Watches, though the company sometimes separates the events.

Sure, maybe you don't even care about getting the latest and greatest. You just want an iPhone. That's fair. But there's still a reason to wait. Apple typically drops the prices of its year-old iPhones after it introduces the new ones. So, you're also saving money by waiting a couple of weeks.

The same goes for the Apple Watch. Apple's expected to introduce a new mid-tier Apple Watch SE model.

That bigger-screened regular iPhone 14 might be appealing to folks who want the largest display on an Apple phone but who haven't wanted to shell out more than $1,000 for the iPhone Pro Max.

Plus, Bloomberg says Apple is planning a new high-end Apple Watch Pro that could be more rugged. So, if that's up your alley, you might also want to wait.

The decision's up to you. But it seems that some folks don't always know to expect new iPhones in September. At this point, I recommend you just wait to see what your options are. It can't hurt!