Blog page / newsfeed page

I've heard that when creating a blog, you can have a page that is the "blog" page, where you would create new posts according to the template that has been set up. Then on say the main page you could have a news feed section that updates automatically with the latest posts whenever they are added.

Does NicePage have that functionality and if so, how do I implement it?

Finally, I only have the personal version of the software. Now I understand that I can't edit the functionality of the website online unless I upgrade to the Business level. But if I can set up the above functionality, will a Business membership be required in order for someone to create new posts and have them display on the News Feed page?

Thanks
Danny Legare