When I get professional ones done, I would give them away to family and friends and put one of the 8X10s in a frame. Then the next ones would cover them up. At this point I basically have a big box full of loose prints because I would have too many photo albums around!
Each year though I make a Photo Book with highlights of things that happened all year long. 2011 had the pregnancy, birth, family gatherings, holidays. I have to make one now for 2012 that has her bday and all the other things that happened in the year. I think with the addition of #2, it will be nice to go back and look at them growing up year by year.