PRAY: Praise, Repent, Ask, Yield

The originator of the PRAY acrostic of Praise, Repent, Ask, Yield is unknown.  The basis for it is most likely the Lord's Prayer (As Example of How To Pray) in the Holy Bible.  Prayer should be a conversation between you and God.  If you ask, he will answer - maybe not in the way you wanted but you will get a response.

"If my people, which are called by my name, 

shall humble themselves, and pray, and seek my face, 

and turn from their wicked ways; 

then will I hear from heaven, and will forgive their sin, 

and will heal their land." - 2 Chronicles 7:14 (KJV)

Example PRAY acrostic and meaning based on Lord's Prayer in book of Matthew:

Praise God for who is is and what he has done for you.  Get personal, let Him know how grateful you are and how awesome you know he is.  God created everything and everything belongs to Him.  Acknowledge that and let Him rule your life. (Matthew 6:9-10)

Repent for any sins you may have committed. Yes, you confessed and were forgiven of your sins at the time of your salvation so you do not to dredge those up again.  However, you may have a small sin or grievance in your heart that you may not even be aware of it.  That small thing may be preventing you from being close to God or really knowing someone he wants you to get closer to.  (Matthew 6:12)

Ask God for what you want Him to do or request He meet your specific need.  If what you ask is within His will, He will provide for you in His time.  If it is not in His will, you may want to ask "Why?" so you may adjust your desire or attitude appropriately. (Matthew 6:11)

Yield to God by turning everything over to him; surrender yourself, your desires and your concerns.  Wait for His response to your prayer.  He will protect, reward, and guide you as He feels appropriate.  Remember, He wants to your Father and your Friend because He loves you.  (Matthew 6:13)

You may also want to review The Lord's Prayer As A Model of How To Pray using book of Luke as example.