Photoshop Tip: Changing the type size visually

Instead of entering the numerical values by point size, you can visually resize type by using Free Transform. Press "v" to switch to Move tool, then pressing Command-T to bring up the Free Transform bounding box. Hold the shift key to constrain it, grab a corner point, and drag outward or inward to increase or decrease the size. The point size values will automatically update once you have completed resizing.