Canon i950 Troubles

Ok..I'm a newbie...but as I am getting more into the photography side I am discovering a new frustration..printing in color. While I am taking pretty decent photos (Canon PowerShot G5) of my kids (primarily)..I am having limited success in producing great pictures on my Canon i950 or at least that they match the quality and color on my Samsung 193P LCD display. I have read the various postings on this board but to no avail. I am using Photoshop Elements 3.0 and usually Canon Photo Paper Plus.

When I print the settings are as follows:

Source Space - sRBG (matches the image profile)
Print Space - Printer Color Management

Which I am assuming, from what I have read, allows the printer to direct the color management. The printed photos I get are typically very dull while the screen image is quite brilliant. Flesh tones tend towards grey.

I have read about ICC profiles which I have seen out there for around $25. Would these help?

Thanks for the assistance!

Your printer and your viewing source should be calibrated.
They both need to see each color the same, exactly. If your monitor tends a little towards the red and you correct an image, it looks fine on the monitor but, when you print it out it is way, way off with almost no red and has turned towards the blue end.

Thanks. I am assuming there are a variety of methods to accomplish this. Do you have suggestions for an amateur?

This thread may be of some help to you, calibrating