Fulltime to contract

Company asked for a meeting today to let me know they want to put me on a contractual role. I see some potential projects that I can help with. I'm thinking of making a proposal tomorrow about how I can help for the next 3 months on a full-time role but I think they've already made up their minds. Should I accept the contract or quit and search for something better. I need the cash cause I've got a 3 year old but it seems a bit of an ego hurt that they can throw me around like that.