I did this for my in-laws 50th anniversary celebration. It's one of those from the Target dollar spot---the square Basic Grey book plate fits the cover frame perfectly!! Yay!!
I twisted out the spiral binding so I could punch holes in the paper---it was a cinch!
The pages inside are plain so my MIL can put in photos or cards or journaling---whatever she considers a keepsake.
The ribbon bookmark is tied to the bottom spiral and threads through the spiral binding up the outside.