You may already know how much I love small albums - but especially Creative Memories' Paper Album Kits. They have staples to keep them together, and so may not be as durable and long lasting as a traditional coverset, but they are quick to assemble and can be just as effective. Here you can see I have let some photos stray from one page to the other, which gives me more space for layout options.
How to do it? It's not rocket science; first crop your photo then cut it on the turn of the page! However, there is one little trick to it. You need to make two cuts rather than just one, and remove the strip in the centre. That way you won't change the ratio of the photo.