In taking some time to read the scriptures every day, we bring the Holy Ghost into our lives. The Lord wants us to understand the scriptures and wants to teach each of us from them; to accomplish this He sends the Holy Ghost, the Comforter, the Teacher of all Truth. I feel that I'm more able to receive His teachings and guidance every day when I study daily.
Another blessing is that we can always have the word of God on and in our minds. If the scriptures are in our memories - even if we aren't perfect at recalling them - they can be brought to our remembrance. The Lord will help us internalize His teachings, helping us along the path of discipleship.
I know that the God wants us to know Him. Not have ideas about Him or for Him to be a marvelous mystery to us, but for us to know Him as our Father. Reading the scriptures doesn't accomplish this by itself; we also need to pray and follow the teachings we receive from the scriptures, but reading the scriptures daily will put us on the path to know our Father.
And this is alife beternal, that they might cknow thee the only true dGod, and Jesus Christ, whom thou hast esent.