And then there are those of us who believe being “saved” is a present reality as well as a continuing and future event.
Some of us do not beleive in “once saved always saved”…and do believe one can loose their salvation…BUT also believe that there is grace and mercy for those who “fall into sin” and that the continuing work of the Holy Spirit is to keep us cleansed of sin…holiness/sanctification is a process and an experience.

Yes, it is a process!
This is a foreign, albeit fascinating, conversation for Judaism, which does not focus on salvation. Insofar as atoning for sins, that is always possible by means of prayer, good deeds, and seeking forgiveness from others. But we leave our eternal salvation to G-d’s mercy and justice and concern ourselves with the here and now and trying to behave according to the moral values specified in the Torah.

And we must all look to God’s mercy.
I think that the idea may have originated with Finney. It seems to have arisen during what was called the Great Awakening. (Or the Second Great Awakening. Us

crazy United Methodists have trouble remebering what the difference is between the two).
Anyhow, the

shrug:extremely wonky, IMNSHO) basis for all this seems to go back to the fact that John Wesley suffered for much of his childhood & young adulthood from what Catholics would call “scrupulosity”. After many years of misery, he wrote that “I was one night in Aldersgate” when he suddenly realized (from a sermon he heard there) that he had been trusting in Jesus Christ for his eternal salvation for all his life, & that he no longer needed to be anxious and fearful, but that he should continue to trust in God, instead of being afraid of God.
This was the beginning of a deeper & more faithful Christian life for him. Some Methodist sources suggest that he may have been reading about --or from the works of–St Teresa of Avila at the time, and that what she had experienced was the beginning of his deeper understanding of the love, mercy, and–above all–
grace of God. (IN any case, I am not the first, nor the only, Methodist, to have found her a source of deep inspiration).
But this “Aldersgate” experience was in no way a “getting saved” experience. Fr. Wesley was a faithful Christian of many years, an active Church of England priest, & a former missionary to Georgia. (The one in the southern US, although still a colony of the British at the time).