How to come up with overall equation of a galvanic cell
Since $ \ce{Zn} $ never touches any $ \ce{Cu^2+} $ ions in a galvanic cell - the salt bridge/porous plate is preventing this - it would not be helpful to take this chemical equation as a starting point. As the aim of such cells is to separate the reduction and oxidation process, this is where the equations should originate.



Direction of the Reaction

To start with, one should find out which of the 2 electrode materials is more noble, hence will be the oxidizing agent aka cathode material, and will get itself reduced during the process through receiving electrons from the anode over the external circuit. A higher standard electrode potential ($E^\circ$) correlates with higher nobility. Information on different $E^\circ$ values can be found in galvanic series (Wikipedia: Standard electrode potential (data page)). A lookup of $\ce{Cu}$ and $\ce{Zn}$ gives:

$$
\begin{array}{rclc}
\hline
\text{Oxidant} &amp; &amp; \text{Reductant} &amp; E^\circ/\mathrm{V}\\
\hline
\ce{Zn^2+(aq) + 2 e− &amp; &lt;=&gt; &amp; Zn(s)} &amp; −0.7618\\
\ce{Cu^2+(aq) + 2 e− &amp; &lt;=&gt; &amp; Cu(s)} &amp; +0.337\\
\hline
\end{array}
$$

Since $\ce{Cu}$ has the higher $E^\circ$ (is more noble), $\ce{Cu}$ will act as cathode, and $\ce{Zn}$ as anode, to provide the reactions spontaneity.



Setting up the Reaction

Looking at the electrochemical process, first the $ \ce{Zn} $ from the zink electrode gets oxidized according to:

$$ \text{Ox - Anode half equation:}\qquad\ce{Zn(s) -&gt; Zn^2+(aq) + 2 e-} $$

After passing through the external circuit the electrons get to reduce the $ \ce{Cu^2+} $ ions according to:

$$ \text{Red - Cathode half equation:}\qquad\ce{Cu^2+(aq) + 2 e- -&gt; Cu(s)} $$

Which shows, that the anode is going to lose mass through corrosion, while the cathode is going to gain mass through the formation of solid copper on its surface.

After having these two half equation we can sum them up and cancel out the $ \ce{2 e-} $ respectively to yield:

$$ \text{Redox - Total equation:}\qquad\ce{Cu^2+(aq) + Zn(s) -&gt; Cu(s) + Zn^2+(aq)} $$

While these processes happen, the salt bridge/porous plate is allowing the balancing of charges in both half cells.



Note: Of course someone could begin with the reduction, rather than with the oxidation, but it would anyway end in the same total equation, and it's harder then to imagine the electrons wandering through the external circuit.



Edit: As requested in the comments: The reactions with spectator ions:

$$\begin{align}
\text{Ox - Anode:}&amp;&amp; \ce{Zn(s) + SO4^{2-}(aq) &amp;-&gt; Zn^2+(aq) + SO4^{2-}(aq) + 2 e-}\\
\text{Red - Cathode:}&amp;&amp; \ce{Cu^2+(aq) + SO4^{2-}(aq) + 2 e- &amp;-&gt; Cu(s) + SO4^{2-}(aq)}\\
\text{Redox - Cell:}&amp;&amp; \ce{Cu^2+(aq) + Zn(s) + 2SO4^{2-}(aq) &amp;-&gt; Cu(s) + Zn^2+(aq) + 2SO4^{2-}(aq)}
\end{align}$$

Edit 2: Added Direction of the Reaction