I want to have a screen that starts off with "$0.00" (or other symbol based on locale) that I can enter values into and it will update one at a time. (type 1234, returns $0.01, $0.12, $1.23, $12.34). I know how to do this with the digits entered into a text field and with the click of a button change the formatting either in the text field or into a new label. What I want, though, is to do it without the extra button tap and use a label, not a textField.
float moneyEarnedFloat = [revenueTextField.text floatValue]/100.0f;
NSNumber *moneyEarned = [NSNumber numberWithFloat:moneyEarnedFloat];
NSNumberFormatter *currencyFormatter = [[NSNumberFormatter alloc] init];
[currencyFormatter setNumberStyle:NSNumberFormatterCurrencyStyle];
revenueTextField.text = [currencyFormatter stringFromNumber:moneyEarned];
An example would be mint.com's Add Transaction screen.