Here is a comment I made on an Anti-Law blog post I thought worth re-posting here:
The Bible clearly says we are both justified by faith and that we are justified by works. I never understand that fully until I ran across the three tenses of salvation in The Cross or other studies on settingcaptivesfree.com and they got it from A Fourfold Salvation by A W Pink.
In a nutshell the three tenses are past, present, and future. In the past we were saved from the penalty of sin by Jesus on the cross and our faith in Him this is our justification. In the present we are being saved from the power of sin in our lives this is our sanctification. In the future we will be saved from the very presence of sin this is our consummation.
Verses that say we are “justified by faith” fit the past tense of salvation also known as our justification. Verses that say “by works a man is justified” fit the present tense of salvation also known as our sanctification. This is also where verses like 1 Tim 2:15 fit in, childbearing being such a noble selfless act that it directly contributes to a woman’s sanctification. And of course verses like 1 Peter 1:5 speak of our future salvation also known as our consummation.
I think all tenses of salvation past present and future fit under Grace which none of us deserve.
righttome.com 
We were discussing 1 Timothy 2:15 in a group on Facebook and another member posted this comment. I thought it was an even better explanation than just sanctification because it addresses the context:
“Context is key here. Sometimes you have people only looking at the verse by itself or the verse or two before it. Look at the whole book. Paul is very logical in the flow of his writing and entire books.
In 1:3-11 Paul urges Timothy to protect the church from false teaching, bad doctrine, fables, etc. 1:12-17 Paul was guilty of many bad things before he was overcome with Christ’s grace. 18-20 shows what happens to those who reject the faith. They might have been false teachers and even leaders in the church from the verses before.
Then Paul begins to correct the false teaching in Chapter 2 and beyond and immediately moves to the issue of proper order and authorities. While the men mentioned above blasphemed and were disrespectful to authority, we should give honor to whom honor is due and pray for those in authority. As part of this correction, Paul must address the issue of women taking up teaching authority roles and seeking attention with clothing. He then continues on to lay out strict qualifications for the officers of the church, among these is that they be male.
It is true that Eve and all women [men too] were saved through Christ coming out of the lineage of these women. If this is the meaning here, it is no longer necessary to have children as Christ has already been born and it would not make sense for Paul to exhort women to raise children in order to bring about a Christ who has already been born.
It is also true that child-rearing is a means used in our sanctification. There are numerous blessings in obedience to God’s command in this area but they are not Paul’s main meaning here. Paul is not talking about missing out on the benefits of sanctification but rebelling against the creation mandate given to Adam and Eve and rebellion against authority. In 4:3 he mentions “forbidding to marry” and these women (and some men) may have refused to marry and have children. If these women that had taken on teaching authority roles during this period of false doctrine and disrespect for authority (or any in the future) and returned to childbearing, and living and raising children in “faith, love, and holiness with self-control” they would be saved from the punishment Paul meted out on Hymanaeus and Alexander in the prior verses, their delivery unto Satan, that is, their being cast out of the church. This is a direct command from Paul the Apostle, divinely inspired by the Holy Spirit ordering the church and especially its elders including Timothy and us to bring this about.”
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