However, one can go broke saving money, especially if there are more important priorities that should be funded first. An alternative is to purchase a copy of Writing Information Security Policies by Scott Barman. This $34.99 USD book is a fraction of the price and will give you the information and approach that will assure well-written security policies. Of course you'll have to write them from scratch, but the book's accompanying web site contains a wealth of support material.
Another book that shows the big picture is Thomas R. Peltier's Information Security Policies, Procedures, and Standards: Guidelines for Effective Information Security Management. We've mentioned Mr. Peltier in earlier entries, and this book is one that every security professional should own.
I'll end on that note because I have a scheduled back-up to perform.