Need help upgrading

You should just upgrade your graphics card. If you are going to change your CPU to a more "newer" generation, then you would need a new motherboard as your current one only supports LGA 1150. Your power supply is fine, so no need to replace it. You should also upgrade your ram from 8gb to 16gb as 8gb may no longer be the standard of modern gaming.

Are you planning to game on anything higher than 1080p? If not your CPU is more than adequate and a GPU like 1060 would be ideal for that. Maybe upgrade to 16 GB DDr4 ram as well.

good suggestion

but hed need to DDR3 ram not DDR4

Honestly, you could just leave that build and start a new one, as if you are planning to upgrade anything, you will need to buy other parts to go with it, such as a new cpu, which will require a new motherboard, and also new ram.

if i buy new gpu, would my psu be able to handle it?

that depends on what gpu youre gonna buy

which one did you have in mind ?

Make sure to check what RAM you're cpu needs

I would personally recommend upgrading the RAM and GPU. However, I'd also recommend upgrading the motherboard and CPU at a later date when you can afford them but that'll require you to buy newer (DDR4) RAM. Also, you haven't mentioned your storage but if it's not an SSD, get one - even if it's just a 128GB SSD to install your operating system on. The speed gain over a mechanical drive is insane.

If think that the GPU is the bottleneck, you should definitely change it !

well then hed need a new cpu that can also take advantage of the better gpu

And maybe a new power supply bcs it has to have the right currency for the motherboard, they usually say how much power it needs, doesn't it?

If he doesn't go nuts on the GPU, the 530W PSU should be fine.