Welcome to the Bina Greene Method of making 5 minute layouts.
Instead of converting your text to a png you can also write it with a word processor or text editor, I use editor which is pre-installed on every PC, and then copy paste it into PSE or any other layout app that you are using.
Please find the 6×6 template Overlay freebies mentioned above here, the free 6×8 Album Maker here and the free 12×12 Lots of Text template here. There are more freebies in the store. If you decide to sign up for the newsletter you will receive exclusive freebies each month.
Special thanks to Alli Hughart who has contributed this beautiful scrapbook page using above described method.