A simple explanation of this complex word is this: being given something that you do not deserve. I am daily humbled by the fact that I am saved by the grace of God. I want so badly to live a life that extends grace to those I come in contact with.
"So God can point to us in all future ages as examples of the incredible wealth of his grace and kindness toward us, as shown in all he has done for us who are united with Christ Jesus."
For those who daily show me grace, thank you. Your example inspires me to do the same.