In him we have redemption through his blood, the forgiveness of our trespasses, according to the riches of his grace,Ephesians 1:7(ESV)
God created man in His own image and likeness and man enjoyed unbroken fellowship with His Creator God and walked and communed with Him in the cool of the evening - but through man's owns foolish rebellion and disobedience - man became servants of a cruel task-master - estranged from the God Who made us, and entrapped by Satan. We forever became slaves to sin and destined to an everlasting death - i.e. eternal separation from God.
Only the shed blood of a Perfect Man could pay for the awful purchase price of sin. Only the blood sacrifice of God Himself would be sufficient to redeem us back from the terrible consequences of man's fall in the garden of Eden - for there was none other good enough to pay the terrible price for sin and death - for God alone is holy, God alone is sinless, God alone is GOOD.
Only the sacrifice of the eternal Son of God would appease the wrath of God against humanities sin - only the spilt blood of the Lord Jesus Christ was sufficient to satisfy God's righteousness judgement on sin, death and hell - and permit forgiveness to flow from His pure heart of love, to all who would believe on His name...
And so in His love God redeemed us. He bought us with a price. He paid the purchase price for our sin by sending His only begotten Son to the cross so that IN HIM we have REDEMPTION through His BLOOD.
The price He paid for our forgiveness was His own precious BLOOD, so that we could be forgiven forever, of ALL our sins and receive eternal life as a free gift of HIs grace - and this was according to the RICHES of God's marvellous GRACE - His loving-kindness and His matchless holiness.
Thank You Father for Jesus. Thank You that in HIM I am forgiven and redeemed, through Your blood. Thank You for extending the riches of Your grace towards me, simply because I believe in Him as my Redeemer, in Whose name I pray, AMEN.