Why is the concept of Christ paying it all important for Christians?

The importance of Christ paying it all cannot be overstated. It affirms the foundational truth that salvation is a gift from God, made possible through the sacrifice of Jesus. Ephesians 2:8-9 states that we are saved by grace through faith, not of ourselves; it is the gift of God. This doctrine underscores the Reformed view that human efforts to attain salvation fall short of God's holiness and standards. By declaring that Jesus paid it all, we recognize our complete dependence on Him for redemption and righteousness, leading to profound humility and gratitude as we acknowledge that no good work of our own could ever merit God's favor.