Since Sarah spent 1/5 of her money on a bag, she has 1 - 1/5 = 4/5 of her money remaining.
She then spent 1/2 of the remaining money on a shirt, which is equal to (1/2) * (4/5) = 4/10 or 2/5 of her money.
Therefore, Sarah spent 1/5 + 2/5 = <<1/5+2/5=3/5>>3/5 of her money on the two items. Answer: \boxed{\frac{3}{5}}.
Sarah spent 1/5 of her money on a bag and 1/2 of the remainder on a shirt. What fraction of her money did she spend on the two items? (Express your answer in the simplest form)
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