The grace of God is one of the most important subjects in all of Scripture. At the same time, it is probably one of the least understood. All Christians by definition believe in grace. Many of us frequently quote Paul’s well-known words in Ephesians 2:8-9: “For it is by grace you have been saved, through faith—and this not from yourselves, it is the gift of God—not by works, so that no one can boast.” And John Newton’s beloved hymn “Amazing Grace” is said to be the all-time favorite hymn in the United States. Why then do I say the grace of God is one of the least understood subjects in the Bible? When we think of grace, we almost always think of being saved by grace. That is why Ephesians 2:8-9 is so familiar to us. Even Christian literature available on the subject of grace seems to deal almost exclusively with salvation. But the Bible teaches we are not only saved by grace, but we also live by grace every day of our lives. It is this important aspect of grace that seems to be so little understood or practiced by Christians.