Spec me an upgrade - with a twist

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Appologies for a slightly long winded spec me post - hopefully you'll see why I'm struggling.

To start with, my current rig:
MSI H61M-E33 Intel H61 (Socket 1155) DDR3 Motherboard **B3 REVISION**
Intel Celeron G530 2.40GHz Socket LGA 1155 Processor - Retail
Kingston HyperX Blu 4GB (2x2GB) DDR3 PC3-10666C9 1333MHz Dual Channel Kit (KHX1333C9D3B1K2/4G)
Seagate ST3500418AS 500GB Hard Drive SATAII 7200rpm 16MB Cache
Sapphrie HD 4850 512MB GDDR3
Unbranded PSU, wattage unknown (I know, don't shoot me)

Usage - Games are primary over everything else, but I like to dabble in video editing from time to time. I would not compromise gaming power for video editing power though.

So, here is the deal - I have £450 saved for upgrading my PC, and £350 coming next month, so max total is £800. BUT, this is not a "spec me an £800 upgrade" question.

After years of doing biggish upgrades every few years, I am setting myself an ongoing £100 monthly budget for the future, with which I will upgrade as an when I can afford the next big part I want. The advantage of this is that parts being replaced will still have a decent amount of life and second hand value left over, feeding future upgrades (I hope)

This means I don't need to get everything in at once. For example, I could stick with my 500Gb for now, and upgrade to an SSD in a few months time (Just a random example plucked from the air)

Also, I don't need to spend all £800 - there are plenty of other uses I can put the money to. I know the instinct in a spec me thread is to spend it all, but I'd rather hit the price/performance sweet spot than just spend it all. If that means spending all £800, thats fine to.

tl;dr: You have the above rig. You have max £450 now. You have max £350 next month. You have £100 a month (Plus the second hand value of replaced parts) from then on. What would you do? What would you aim for in the future?
 
Your doing what im doing. Since you have it saved first, id buy the dearest thing, being a NEW gfx card. Then its easier, and no waiting and saving for it in the long run after you bought a boat load of cheaper things.

New GFX card first > So on.
 
/Slaps own head for missing something out

Thanks JoeF1 - I should have mentioned, I currently lack the power to run BF3, and with my current CPU, a huge GFX upgrade won't make much of a dent. I'm not saying I wouldn't go that way, but I would prefer something that will give me improved performance now AND in the future if at all possible.
 
You need to replace the PSU and GPU.

DO you intend to SLI or Xfire in the future? This will effect your choice of PSU ;)

I would start with the PSU and GPU, then the mobo bundle (CPU,mobo,RAM). Then SSD, bluray drive etc etc. An IB i5K would be nice, on a z77 mobo the improved IGP (over SB) can be used to boost the GPU and remember quicksync which allows the IGP to be used to boost video encoding tasks by supporting software. Your current CPU doesn't support quicksync.
 
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