Salvation

What do we mean when we talk of being "saved"? According to Peter Kreeft, When Protestants speak of salvation, they are describing justification; when Catholics speak of salvation, they are describing sanctification (Because God is Real). In other words, a follower of Christ can say "I was saved" and "I am being saved." One describes the action of God in making us right with Him, of reconciling us and cleansing us on the basis of the Cross...the other action describes the process of growth the Holy Spirit is performing in the life of the believer.