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Go to the library and check out (or buy if you must) "Financial Peace Revisited" and/or "The Total Money Makeover" by Dave Ramsey. Both cover the Baby Steps.

Dave would tell you to take all your savings (except $1,000 for an emergency fund) and pay down the debt. Then do everything you can, with gazelle intensity, to pay the debt off completely. THEN take what you were making in payments and fully fund your emergency fund to the level of 3-6 months of expenses.

And make sure you and your fiancee are on the same page.
And between steps 2 and 3, feel free to call Dave so you can scream "I'm debt free!"

Since I spent 5 hours with Dave on Saturday, I have to point out that the first Baby Step is to establish a $1000 starter emergency fund. (A fully-funded emergency fund is step 3.)

So stick $1000 where you won't use it except for a true emergency ("I want it" is not an emergency; "The car I drive to work in is broken" usually is.), and throw money at that debt! (That's Baby Step 2, and it's where I currently live.)

Congrats guys -- I'll be at Total Money Makeover in Dallas next week, too. It's been implied here (what am I missing in the 30.00.66 joke?), but can someone confirm that Reunion Arena is NOT posted 30.06?

I'm also talking with the FPU people and one of the ministers at our church about starting a class. All the ones around here either don't have child care or are during our other church time commitments.