When you upgrade your computer the new hardware will be able to utilize a much faster video card. However, with the new components, the old video card will perform better.
Do not purchase one stick of RAM as mentioned by robax91 it will slow down the new CPU. Two sticks of RAM are required because the CPU will transfer data to both sticks of RAM at the same time. Using one stick will force the CPU to wait many more cycles for data movement. That wasted time is the same as using a much slower CPU with two sticks of the same type, speed and amount of RAM.
Currently RAM prices are high, however if you upgrade you will have to pay.
Download and install 3DMark [google for the free version]. Run it on your current set up and record the numbers.
Purchase the upgrade components and run the benchmark again, you will see the improvement.
If your power supply is old, you will need a new one and suggest a 600 to 700 watt for future proofing. A good 500 to 600 watt will cost the same, so, you might as well go a little higher.
A good power supply will cost about $75 unless you can find the same one on sale. Get a power supply recommended by jonnyGURU.com they provide the best reviews.
Here are a few you can look at. You do not have to buy one from there if you can find the same thing for less elsewhere:
Do not purchase a Corsair CX series, they do not have higher quality components that will permit the power supply to last longer. And if you want a modular PSU make sure it says modular. They use only the connections you need and will reduce clutter and increase air flow in your computer case, if that is important to you, and should be if you want long life from your components [motherboard, CPU, GPU, RAM among others].
I hope I did not provide too much data to be confusing. I try to give as much information as necessary to help people with as many considerations as possible, within reason, in reference to the question or questions people may be asking.