There are many methods (as you might guess). Normal copy paper and white glue (or wood glue) is quite common, works well and adds a lot of strength. Avery label paper (my preferred method, documented many times on this forum) also works well.Regarding all the talk on papering fins, what's a recommended method? Just regular copy paper and wood glue? Or is there some special type of lightweight paper/glue?
Where techniques vary are (a) how to trim the edges of the paper, and (b) how to seal the edges. I *always* sand off excess paper, and seal edges with TBII. Some folks trim the edges with a knife, and some (most?) folks seal the edges with CA. Some folks like to fold a single piece of paper of the leading edge of the fin; I always use one separate piece for each side. It all works. Best recommendation is to experiment with some scrap pieces of balsa and see what technique works best for you.