Have you thought about creating a Legacy Cookbook? This can be done with recipes from just one individual, but it can also become a family project, including recipes from others in the family. There are many links on the internet offering software to create a bound book. It creates a very professional looking product. But there are other alternatives to using this method that are cheaper and more flexible.
I love to cook and share what I've made with my family. I'm not secretive about my recipes and will share with anyone who asks. I thought about making a Legacy Cookbook for quite awhile before I started my project. It would serve two purposes. For me, it keeps my favored recipes nicely organized and stored in a specific location. But for my family, it could be a future resource to fix that special item that Mom used to make. I still have a collection of a few favorite commercial cookbooks that I use, but with easy access to millions of recipes online, I print many from various sites.
I wanted to create a book with minimal cost. I also wanted a book that I could add and subtract from. What I've developed is a dynamic resource with minimal cost. All you need is a 3 ring presentation binder (or more than one in my case!!) and sheet protectors. Binders with outer sleeve inserts allow you to personalize them, with cover sheets and spine labels. I print recipes to try, make, evaluate, and then decide if they will make it into the binder. I also write a review on the recipe (ie. Excellent) and I also include any changes or special notes on the recipe. There are not too many recipes that I leave "as is". It's easy to add and subtract recipes when using a binder. It is also convenient! When I prep a recipe, I pull it out to use and it's protected by plastic! I use a nifty technique I saw online. I use a plastic clip hanger to hang my recipe from a cupboard handle. It's at eye level and not in the way.
In my case, I now cook from scratch nearly all the time. Because of this, I have moved from one large binder, to two binders, and now to multiple binders divided according to subject. (salads, rice/pasta, vegetables etc) Depending on your cooking habits, you may use just one binder. Just do what works for you!
And for those recipes in your favorite cookbooks? Don't forget to write in comments and special notes. I even highlight the recipe in the book and in the index, so it's easy to find recipes that I have already tried.