I use a combination of methods. First of all I have always (made this a priority when first married) made sure new rolls of film go into an album nearly as soon as I pick them up. NO! Not scrapped

just an album. Some of the early, early ones were magnetic pages but most are the slide in pockets. I like the bigger ones but lately those are hard to find.
This way people can actually look at the pictures, not get fingerprints on them, etc. I can also slip in notes if I want to.
These are all ring binders so as I pull sets out to scrap I can remove the empty pages, rearrange as needed, etc.
I also have a small pocket storage unit from my LSS. This looks like a box with a handle on the top. I use this in a couple of ways. During football season for instance, as soon as I get a set of game photos of my son back, I will put them in a pocket with a small strip of leftover cardstock noting which game it is and the date. There is no time for scrapping during season. So when I sit down to do those they are already sorted.
When I'm not using that for football season I have also used it to sort other events I am ready to scrap. For instance I was working on DS's Eagle project and pulled the photos from those big books separated them into categories - planning, planting, before & after shots, etc.
Another storage item I have is one of the 12 x 12 divided and handled units from my LSS. I have 2 of these - one for DD & one for DS. I label the sections and have placed momentos and larger (5x7 or 8x10) photos in this. That way when I get ready to do a particular event in their individual books I can just pull the corresponding stuff like certificates out.
I have friend that swears by the shoebox size acid free boxes and she also files things chronologically and with headings such as Christmas, Prom, etc. I use these boxes for my negatives. I am a fanatic about keeping those organized.
As for the digital vs. film debate...well that is a pretty personal issue. Almost as passionate as the type of album one uses!

Personally, I'm a dyed in the wool film person. I have a friend that is a professional photographer. His day job is working for the newspaper. He uses some really high end, SLR type digital equipment there. But he still uses film for his other work. Digitals can be great in many instances. But for capturing colors and action, especially in low light (sports, theater, etc) they have some significant challenges to be overcome yet.
My 2 cents worth,
Deb