Ramadan, how important this month is in the life of Muslims, we can have an idea by the saying of Prophet on the last day of Shahban "O people there comes over you now a great month, a most blessed month in which lies a night more greater in virtue than a thousand months. It is a month in which Allah has made Fasting compulsory by day. And has made sunnah the Taraweeh by night. Whosoever intends drawing near to Allah by performing any virtuous deed, for such person shall be the reward like the one who had performed a fardh in any other time. And whoever performs a fardh, shall be blessed with the reward of seventy faraa-idh in any other time."
So based on this specific hadith of Prophet (pbuh) on the importance of Ramadan we can say that Ramadan is the month in which people should stay patient and calm, where as the true reward of this patience will be given in the shape of Jannah (paradise). This is the month in which the Rizq of true believers is increased by the grace of Allah, who ever feeds the one that fasts will gain lots of rewards in terms of Allah's happiness.
Regarding this a person asked the Prophet(pbuh) , "O messenger of Allah, not all of us possess the means whereby we can give a fasting person to break his fast." And the messenger(pbuh) Replied to him "Allah grants the same reward to the one who gives a fasting person to break the fast a mere date, or a drink of water, or a sip of milk."
The month of Ramadan is divided in three categories The first of which brings Allah's mercy, the middle of which brings His forgiveness and the last of which brings emancipation from the fire of Jahan-nam."