Try creative Layer Styles
Layer Styles are editable effects that usually work around the edges of a layer, so they’re very useful for making text stand out. There are four of them to choose from in Photoshop Elements: Drop Shadow, Glow, Bevel and Stroke. When a style is applied, a little ‘fx’ icon appears on the text layer. Double-click this at any time to edit the effect. You can also find lots more ready-made Styles in the Effects Panel to spruce up your type.