If you can connect with the above situation, what you definitely need is BitMeter for keeping a track of your internet bandwidth usage.

In fact, Bitmeter is more than just a bandwidth usage meter. You can create custom desktop alerts (see screenshot) to know when your internet connection goes offline or if the net speed drops beyond a certain level.

Screenshot A: The ISP Restrictions screen allows you to configure BitMeter with details of your ISPs monthly usage allowance, so that it can warn you as you approach your limit.

Screenshot B: Alerts can be created to notify you when you have transferred a specified amount of data (a Volume Alert), or when your speed goes above or below a specified value (a Speed Alert).

There are other free apps for tracking bandwidth as well some of them have now been abandoned by their respective developers. I have been using BitMeter for about a week now (thanks CNET) and find it very useful especially for tracking the current ISP speed.