This may be a little larger in the picture than in real life. I call it a name badge album but it's a neat way to do a brag book for a purse and not have everything get ruined.
Start with name badges from Wal-Mart or Staples. Wal-Mart's are about $1.88 for 12 badges though they're a little smaller than Staples name badges ($3.99 for 10). If you have the Wal-Mart version, cut your paper to be 2.5 inches by 3.5 inches (Staples 3 in. by 4 in.)
In this example, I did 8 name badges for a total of 16 pages. I held my name badges together with some library clips to add two additional holes with my Crop-a-Dile (a total of 5 pages) to slide my ribbon through in order to bind the book. I embellished the pages with paper flowers, brads, stickers, and stamping. I did use some buttons on some of the other versions I made, but it did make the albums rather bulky.
For pictures, I used a Kodak picture maker in the store. There I was able to get photos off my digital camera and put four toal pictures, scaled down on one 4x6 picture. This not only saves money but then you get the entire picture on one small page!
I'm trying to remember the scraps of paper I used...but needless to say, the line has escaped me. They did coordinate well with Blue Bayou, Close to Cocoa, Purely Pomegrante (SU).
For my mom for Mother's Day, I used the Once Upon a Time line; it turned out glittery and ephemeral. My mother-in-law's was John Deere...which was positively adorable!
Good luck and have fun!