Here's a cute purse I made that is an accordion mini album. I got the directions off of our consultant artwork board. The consultant who came up with the idea actually dreamed of it and when she woke up, she sat down to create it. Now that's dedication for you!
It measures 5 1/2 inches tall and 7 1/2 inches wide when closed. Because of that it takes a lot of paper/cardstock to create one. You could of course modify the dimensions so you get more bang for your buck in using paper.