FTDI Basic 3.3v

Thanks for the reply.

So power the board with the 3.3v FTDI and at the same time send 5v to the raw pin to supply the sensor?

I was hoping to wire the 5v sensor (DS1307 RTC) like this:

[<LINK_TEXT text=“http://i432.photobucket.com/albums/qq48 … dd2e93.png”>http://i432.photobucket.com/albums/qq48/daz1761/PowerManagement33v_bb_zps0add2e93.png</LINK_TEXT>

The voltage regulator would be 5v (with 0.1uf capacitors in and out) and the Arduino board is the same one as the link you provided.

So how would I make sure the I2c lines are pulled up to 3.3v and not 5v? do I remove the 4.7K resistors from the RTC and place them somewhere else?](Photo Storage)