What does it mean that God's promises are a gift?

The concept of God's promises as gifts emphasizes that they are free and unmerited, as highlighted in 2 Peter 1:4. When we say they are a gift, it means they come without a price tag for us—Jesus Christ has already paid the cost. This principle of grace underlines that we cannot work for or deserve these promises; they are bestowed upon us by God's loving kindness. Thus, when we approach the Scriptures, we do so in confidence, knowing that all that we need for life and godliness is graciously provided by God’s promises.