A debt consolidation plan is nothing more than a roadmap to becoming debt free. In its simplest form, a debt consolidation plan will consist of a realistic budget which provides funds to make all minimum monthly debt payments and leaves over a surplus of funds for additional debt elimination. These surplus funds would then be directed at, first, the debts with the highest interest rates, then the smallest debts, and finally at the remainder of debts. At some point in the process, the individual would probably take advantage of an additional financial tool such as a debt consolidation plan or debt management plan. Individuals who are capable of creating a plan and sticking to it can probably follow a realistic debt consolidation plan by themselves; otherwise, professional help should be obtained.