One more thing (this little list is in no way exhaustive!) God does through His word in our lives is....
4. Christians learn the will of God through the Bible, and it is through the Bible that they are given wisdom to apply the details of Scripture to their daily lives. The Bible does not give us magical instructions for making the many thousands of decisions we need to make in life. But it does give sound principles to guide us in our choices. As we read and study the Bible, God speaks to us by means of these principles and leads us in the ways of truth and righteousness.
Such an important reason why we are to be in God's Word every day.