We have a golf fund that everybody pays into at the beginning of the year and we use the money to fund prize pools for tournaments during the season (and our handicap management fees).
I almost always play for money. It keeps me on my toes and definitely helps me when I play in bigger tournaments.
When we play casual games the norm at our place is 7 ways, broken up as 2-2-3 (2 parts for the front side, 2 parts for the back side, and 3 parts for the overall). The amount of money for each part is negotiable. We used tp play 4 ways (1-1-2), but we decided that, since we play automatic presses, that a press should not be worth as much as a side. It can get pricey if you get into the wrong group.
Putt 'em all.