A few thoughts on what it looks like to truly recognize and embrace the gift of God's grace we've been given.
Joy - It is not joy that makes us grateful, it is gratefulness that brings us joy. Gratefulness for God's grace, sacrifice, mercy, love brings us a joy that surpasses happiness. It's trusting God enough to find ways to rejoice in all circumstances, rejoice because we see how He always takes care of us, and because we are so grateful for all we've already been given.
Love - God loved us first, before we transformed due to His love and grace. And God actually loves our frailty, vulnerability, and imperfection, and He extends this love and grace to every human, and so in recognizing we've only received love due to God's grace for all humans, we should demonstrate His kind of love to everyone, imperfections and all.
Hope - When we recognize God's unconditional and unchanging love for us, shown through His generous gift of grace, we can trust that He will always love us by providing for us, whatever we need. Recognizing this and allowing it to help us unconditionally trust Him gives us a hopeful outlook for our future, on earth and in heaven.
Just a few things that have increased in my life as my ability to see God's grace has increased.