It depends on what's your post Phd plans are. For Phd almost anyone will get funded by the prof that one would opt to work for, as it not only helps the student, but helps the prof as well (more than the student) to establish himself in the research world.

But if you have the option of Masters only with funds,,go for that. Phd without considerable work experience leaves one academically overqualified for most the jobs, while underqualified considering the work experience. Therefore it becomes a difficult situation after finishing Phd except if one were to get a teaching job in college which is not so easy. So all the best.

It's a good idea to go for Phd after some work experience, but one would be building shaky gounds for oneself by doing it straight without any work experience.