In the light of all that we have seen so far it is clear that it would
be difficult to over-estimate the importance of God's grace as far as
our lives are concerned. Without grace we would not only be useless as
Christians in God's sight - we would also be lost. There is no work that
man can do to make him "good enough for God". Everything that we do
outside of God's grace is worthless. Everything good that comes in us
and through us is only by the grace of God.
It is therefore very important that we respect God's grace and follow the Scriptural warnings not to sin against the grace of God. To sin against the grace of God has serious consequences. If we willfully go on sinning against God in this way, we "insult the Spirit of Grace" and "no sacrifice for sins remains" (Hebrews 10:26,29).
It is good to see the whole Bible in the light of grace, and not of law. If we read the Bible only in the light of law, it will condemn us, but never set us free to please God. By reading and interpreting the Bible in the light of grace, we may have hope for this life and for eternity - because we see the reality of forgiveness and blessing in Christ. At the same time, if we properly understand grace, it will lead us to God and away from sin. To see grace as an encouragement for sin is to "turn the grace of God into lasciviousness". This false understanding of grace is very dangerous.
We therefore see that it is good for us to study, understand, receive and apply the grace of God to every aspect of our lives.