I didn't even know there was an option... who knew?!?
I always start with just a drop of unscented moisturizer (it really helps makeup go on so much smoother with my skin), then my foundation (whether it's creme, liquid or powder... if I do any contouring it happens here, as well), and then I do my eyes. Before doing my eyes, however, I put a couple of layers of loose powder directly below them in the tear trough. I usually use Ben Nye highlighter (pink powder) for this. It catches any eyeshadow that falls down from the eyes, and when you're through with your eye you just dust it off with a fan brush. Not only does it keep the undereye area clean, but it also brightens the area under the eyes. It makes a big difference letting it sit there and "bake" while you do your eye makeup. After that it's just blush and lipstick. Often I will apply loose powder over my entire face once I'm through to help set everything one last time, and then I'll apply mascara if I even bother to wear it.