Ramadan translated from an Arabic article originally by Abu Idrees

It is appropriate that every Muslim should receive the blessed month of Ramadan with repentance, sincerity, resoluteness and earnestness. He/she should make the intention
  to perform extra acts of devotion and worship therein, including the Night Prayer ( qiyam ), recitation of Qur'an, and abundant charity to the poor and needy.

    On the authority of Anas (may Allah be pleased with him): The Messenger of Allah (may Allah bless him and grant him peace), used to say the following       when the month of Rajab began. "O Allah! Bless us in Rajab and Sha`ban, and bring us, O Allah, to Ramadan." [Narrated by Tabarani and Ahmad]
In another hadith, the Messenger of Allah (may Allah bless him and grant him peace) says,
    "Ramadan has come to you. (It is) a month of blessing, in which Allah covers you with blessing, for He sends down Mercy, decreases sins and answers prayers. In it, Allah looks at your competition (in good deeds), and boasts about you to His angels. So show Allah goodness from yourselves, for the unfortunate one is he who is deprived in (this month) of the mercy of Allah, the Mighty, the Exalted." [Narrated by Tabarani] 
The preceding hadiths bring attention to [the importance of] readiness and preparation for receiving Ramadan. This is achieved by having a clear understanding of this month in one's mind, and greeting Ramadan with love and yearning. Also, one should have the  determination and intention to perform good deeds and worship, and one should lay down a program to accomplish this in the days of the blessed month.

It is communally obligatory upon the Muslims to seek the crescent at the time of sunset on the 29th day of Sha`ban, and the 29th day of Ramadan, in order to verify the
status of the start and end of their fasting. When seeing the crescent, it is sunnah for the Muslim to supplicate with the following supplication, which has been reported
from the Messenger of Allah (may Allah bless him and grant him peace).

    On the authority of Talhah ibn `Ubaydullah (may Allah be pleased with him): when the Prophet (may Allah bless him and grant him peace) saw the crescent, he used to say, "Oh Allah! Cause it to appear over us with prosperity, faith (Iman), security and Islam. (Then to the moon:) My Lord and your Lord is Allah." [Narrated by Tirmidhi, who said it is a good (hasan) hadith.]
The month of Ramadan has excellences over the other months, as is testified to by the Qur'an and Sunnah, and out of these we will bring to attention the following virtues:

1. It is the month of the Qur'an , with regards to revelation and study.
"The month of Ramadan is that in which was revealed the Qur'an." [Qur'an, 2:185]
On the authority of Ibn `Abbas: Angel Gabriel used to meet the Prophet every night in Ramadan and used to study Qur'an with him.

2. It is the month of seclusion ( i`tikaf )
Ibn `Umar said, "The Messenger of Allah (may Allah bless him and grant him peace) used to seclude himself for the last ten days of the month of Ramadan."

3. It is the month of generosity
Ibn `Abbas said, "The Messenger of Allah (may Allah bless him and grant him peace) used to be at his most generous in Ramadan."

4. It is the month of standing (in voluntary night prayer)
On the authority of Abu Hurayrah: The Messenger of Allah (may Allah bless him and grant him peace) said, "Whoever stands (in voluntary night prayer) during Ramadan, with faith and in expectancy of reward, his previous sins are forgiven him."

5. It is the month of the compulsory fast , because of Allah's saying, (translated),
"So, whoever among you witnesses the month should fast." [Qur'an, 2:185]
A terrible error prevalent among people is to talk about Ramadan just as they talk about the obligation of fasting, as if Ramadan and fasting are synonymous, each carrying the meaning of the other and not anything more nor less. Yet, fasting is [but] one of many acts of worship in Ramadan.

 Many reports have been narrated from the Messenger of Allah (may Allah bless him and grant him peace) explaining the distinction of Ramadan, of which we have selected
  the following.

    "The month of Ramadan has come to you; a month of goodness and blessing." [Ibn Khuzaymah]