This is one thing I'm so happy I've been doing for years. Every January I go through all the photos I took the previous year and I put them in an album. My deadline is always January 31st (it's nice that January is a long month!). This way I don't have years worth of digital photos on my computer that never get looked at. And I have a manageable amount of photos to work with. It also means I have a better chance of remembering people and places because I haven't waited 5 or 10 years to put the information with the photos. And I haven't given my computer as long to crash or get a virus or the house to burn down and I loose all my precious photos!
It is important to review the blessings and challenges of the year before. Take the time to do this at the beginning of the year. It may influence the decisions you make for the coming year. If you have a family, this book helps tell your "family narrative." I heard that phrase during a speech once and was intrigued by it. I think this means we show what our family is about, what is important to us, what traditions we have as part of our own "family narrative." A family album certainly does that. Do it! You won't regret it!
Great sites that make this an easy task are:
-mypublisher.com
I like the lay flat pages. Be aware they do have a 100 page maximum per book.
-iPhoto
If you have a mac and iPhoto you can make a book right there. I like their templates. They are simple and don't distract me with a bunch of options for background colors or embellishments. They are high quality. They also have a 100 page maximum.
-mixbook.com
Mixbook is currently my favorite choice. You can have up to 399 pages in one book. This is helpful when you have an entire year you want to fit in! I like the flexibility of the options. You can add decals, change size, rotate, do all kinds of things to make the book yours. These are high quality books. There are many size options to choose from too. I find their book making program very easy to use.
-blurb.com
If you need to make a smaller book for many people, say for gifts, this is a great option. They have some of the best pricing around for that. A color 5x8 softcover book starts at $6.99 (as of this writing). I was able to make a cute little book for all my relay friends from a race we ran together. It wasn't too fancy, but it was quick, easy, inexpensive and they all loved it! They also have regular sized books and you can add up to 400+ pages.
Of course there are others like shutterfly.com, picaboo.com (picaboo has great options for high end books like wedding albums) and picture.com. You just have to find which one suits your needs the best.
All information here is current as of this writing. Check back with your favorite album makers for new features and options. Also, with instagram there are apps, like chatbooks, that help you put all the pictures and captures you've already posted into a book. That's another great route to go with.