Where 95% is used
Common in internal admin panels, reporting jobs and non-revenue services. Also the level a lot of self-hosted side projects actually achieve without anyone measuring it.
What it demands
Almost nothing operationally. A daily human check would catch most breaches. The value of measuring it is knowing whether you are really at 95% or telling yourself you are.
One step either way
Dropping to 90% widens the monthly budget to 3d. Moving up to 99% cuts it to 7h 12m.
Measuring it
You cannot report on a service level you are not measuring at a finer resolution than the budget itself. At 95% the monthly allowance is 1d 12h, so a check interval anywhere near that figure will miss breaches entirely. Work out your own numbers, or monitor it continuously from four regions, free to start.