Identify the oxidation states of manganese and iron in the reactants and products to determine which species are oxidized and which are reduced. For example, in \(\mathrm{MnO_4^-}\), manganese is typically in the +7 oxidation state, and in \(\mathrm{Mn^{2+}}\), it is +2. Iron changes from \(\mathrm{Fe^{2+}}\) to \(\mathrm{Fe^{3+}}\) or vice versa depending on the reaction.
Write the half-reactions for oxidation and reduction separately. For the reduction half-reaction, manganese in \(\mathrm{MnO_4^-}\) is reduced to \(\mathrm{Mn^{2+}}\). For the oxidation half-reaction, \(\mathrm{Fe^{2+}}\) is oxidized to \(\mathrm{Fe^{3+}}\).
Balance each half-reaction for all elements except hydrogen and oxygen first, then balance oxygen atoms by adding \(\mathrm{H_2O}\) molecules, and balance hydrogen atoms by adding \(\mathrm{H^+}\) ions (since the solution is acidic).
Balance the charges in each half-reaction by adding electrons (\(\mathrm{e^-}\)) to the appropriate side so that the total charge is the same on both sides of the half-reaction.
Combine the two half-reactions by multiplying them by appropriate coefficients so that the number of electrons lost in oxidation equals the number gained in reduction. Add the half-reactions together, canceling out electrons and any other species that appear on both sides, to get the balanced overall redox reaction.