There are many different sources for the light to come on. Anything that caused combustion to fail, commonly called a misfire will set the light. Various sensors such as oxygen sensors that evaluate the exhaust before and after the gases are burned in the converter. Transmission codes may set the check engine light to appear. If the car is running okay, get it fixed in a reasonable amount of time such as within the month. It will probably save you fuel if you do. However if the Check engine light is flashing, you should not be driving it as damage is being done to the converter.