No denomination values Baptism as highly as the Lutheran Church. The Reformed view Baptism largely as an outward sign of an inward thing, a mere symbol. Roman Catholics view Baptism as an initiating sacrament that infuses grace, which they view as a substance, for the purpose of starting one off on the path to salvation. Lutherans view Baptism as a means of grace through which God washes away sin, confers regeneration by the Holy Spirit, creates a living faith in the believer, and unites us to Christ.
Paul says in Romans chapter six, "Or don't you know that all of us who have been baptized into Christ Jesus have been baptized into His death. Therefore we have been buried with Him through baptism into death, so that as Christ was raised from the dead through the glory of the Father, so we too might walk in newness of life. For if we have become united with Him in the likeness of His death, certainly we shall also be in the likeness of His resurrection, knowing this, that our old self was crucified with Him, in order that our body of sin might be done away with, so that we would no longer be slaves to sin."
One of the benefits of Baptism that Paul so clearly teaches is that Baptism unites us to Christ so that we may share His life. Luther teaches in the Small Catechism, "It (baptism) indicates that the old Adam in us should by daily contrition and repentance be drowned and die along with all sins and evil desires and that a new man should daily emerge and arise to live before God in rightoeusness and purity forever.
What Luther is teaching in the Small Catechism is that Baptism continues to work daily in the life of the believer, putting to death the old man and bringing to life the new. It happens once, but its effects are ongoing. Each day the Christian is renewed in His Baptism by, "daily contrition and repentance." This fits well with Paul's own assertion in the pages of Holy Scripture telling us that Baptism works new life in the believer, a Christ like life.
The comforts of Baptism are manifold. It assures of the forgiveness of sins and our identification with Christ. It teaches us that God does the saving alone, applying the salvation earned by Christ to us by water and the Word. And it works in us a renewal of life, which although incomplete in this life, has a beginning in Baptism. As often as we return to our Baptism by daily contrition and repentance, we receive the renewing effects of that Baptism and are empowered to live a Christ-like life.
So Baptism has enormous significance for us. It is central to the life of the Christian. That is why we should be reminded of our Baptism and its blessings often, even daily. In our Church we begin our service at the Baptismal font, which is located in the center of the chancel. By doing so we give a visual reminder to God's people that He has called us together as His children in the waters of Baptism where He first put His name upon us. I stick my fingers in the font, draw out its water, and make the sign of the cross over the congregation. I do this not because I believe the water in the font is somehow blessed and made holy water, but because people need every opportunity to be reminded of their baptism and its continuing sifnificance in the Christian life.