How to create Blog page?

First you have to create a new page by navigating to
WP Menu => Pages=> Add New

You can give this page a title of Blog for now you do not have to include any content. Click Publish.

Set up blog

Go to Settings => Reading
Select A static page and assign the Blog for Posts Page then click on Save Changes

Blog Options

Go to WP Menu => Theme Option => Blog
Inside that tab are all the archive & blog post settings, and page settings that can be set over all blog post.

Click Here To View The Blog Options