Text Offset

Right now I am trying to make it so there is text below certain moving objects, although I can (and will) just make a new object and make a behavior to do this, it would be nice if i could set the text offset to be for instance, 0,-2. This way the text would just appear below the object and I wouldn't have to deal with making another object with a special behavior for doing this.

Also, a tutorial or some information on what you can do with the text effects would be nice.