Eliminate Debt-one step at a time

This is my first blog and hopefully not my last. My wife and I are on a mission to take control of our debt. Most of the debt is from the resent wedding we had. I am trying to retire in 11 years and want to be debt free before then. I have read many articles on the web about Eliminating Debt. Most I do not agree with but it is an options. I want to pay my DEBT off like I should and not have others do it for me. I will show the break down of what I owe and keep this blog updates monthly so anyone who wants to can also follow along.

Our Debt Right Now
Let the MISSION begin.
DEBT
1st mortgage $66,573.00
2nd $56,493.89
_________
$123,066.89 - Monthly payment $1166.04

Credit Cards
American Express $10,850.43 - payment $221
Discover $10,344.34 - payment $193
Chase $ 9,693.52 - payment $195
Bank Of Am $ 4,090.16 - payment $185
GM $ 3,774.78 - payment $115
Key Bank $ 1,159.17 - payment $25
________
$39912.40

We are increasing the payment for the Bank of America account and paying that one off first. It has the HIGHEST APR. GM, Chase, Key are all under 8% APR, Dicover is under 13% APR and Bank of Am is the HIGHEST at 19% OUCH....I can't believe I have a card that high. But this is the one we will TARGET first. We do have 2 cars with payments and both will be paid off next year in late summer (09). This will clear up $600+ to pay on the cards. This looks like a great deal of DEBT and it is. Most of it came from a our resent Wedding. The goal here is to have all cards paid in full and the 2nd Mortgage paid off within 7 years of this date. Thats a total of $96,406.29. It will start off slow, but once the first card it paid in full, all that money will be added to the next highest APR card, along with the min. payment we have been paying on that one, after it is paid in full then all that money will be moved to the next. This will continue til eveything is paid.
Here is what it will look like
1st mortgage 666.04
2nd 500.00
AM EX 221.00
Disc 193.00
Chase 195.00
Bank of AM 395.00 - Increased payment
Gm 115.00
Key Bank 25.00

When Bank of American is paid in full that 395.00 will go to to Discover. And it will look alike this.
1st Mortgage 666.04
2nd 500.00
Am Ex 221.00
Disc 588.00 (193.00 min + 395.00 from Bank of America)
Bank of AM 000.00
GM 115.00
Key Bank 25.00

Once all cards are paid and the Cars are paid all that money will be put onto the 2nd Mortgage.
1st Mortgage 666.04
2nd 2049.00

I have no doubt that we can achieve this goal within the 7 years. It will take a little time, a little tightening of the belt, but it will be well worth keeping my great credit score.