
Program : Photoshop CS2
Steps : 6 steps
PSD : Yes
Tutorial by

This is your base:-

1) Put a Hue/Saturation layer with Saturation at +23 in Master
2) Selective Coloring layer
Red -45 +65 +55 +20
Yellow -30 +45 +30 +30
White +45 -34 -34 -45
Neutral -34 -8 +67 +12
Black -10 +33 -12 +12
3) Color Fill layer #ffffff at Soft Light 100%
4) Use this Polaroid texture and set it to Screen 100%
5) :) I think the white frame is boring so I'm putting a black frame instead :D
Use this texture and adjust it on the polaroid texture :)
6) Place this texture by lifeisdolce and drag it to below the Hue/Saturation layer. Set it to Screen 100%
And you're done :D
Other examples :)

