Here is my newest free Template action set, the CoffeeShop To The 9's Template (as seen above), a 12x12, 300 dpi (may be printed up to 30x30) template and loading action for both Photoshop (PS7 and all versions of CS) and Photoshop Elements (should work in PS5, 6, and 7). I also included 2 premade templates for those of you who do not want to use actions. Just drag your images UNDER the template layer and free transform them to fit.
I also included brief instructions on how to change the color of the template or place a pattern/image as the background. And make sure you open the proper action file for your program, the Photoshop version will not run in Photoshop Elements. Also, you have to have a random image open BEFORE starting the Photoshop Elements action as you can't run actions in PSE without having an image up... The random image will close down and your template will be created or loaded. If you have a slow old computer and/or low memory the loading action might freeze your PSE program occasionally. Just restart the program and redo the action and it should work fine. I haven't seen this issue in Photoshop.