Create a simple, generic policy for your system that your users can readily understand and follow. It should protect the data you're safeguarding as well as the privacy of the users. Some things to consider adding are: who has access to the system (Can my friend use my account?), who's allowed to install software on the system, who owns what data, disaster recovery, and appropriate use of the system.
A generally-accepted security policy starts with the phrase
That which is not permitted is prohibited
This means that unless you grant access to a service for a user, that user shouldn't be using that service until you do grant access. Make sure the policies work on your regular user account. Saying, "Ah, I can't figure out this permissions problem, I'll just do it as root" can lead to security holes that are very obvious, and even ones that haven't been exploited yet.
rfc1244 is a document that describes how to create your own network security policy.
rfc1281 is a document that shows an example security policy with detailed descriptions of each step.
Finally, you might want to look at the COAST policy archive at ftp://coast.cs.purdue.edu/pub/doc/policy to see what some real-life security policies look like.