I've never had luck with thinner as a fixative--better than nothing but the stuff still smudges. A true fixative is basically a clear coat of paint that forms a thin film, giving the pigments some protection in addition to adhesion.
Believe it or not I've successfully used hairspray as a fixative (but I don't necessarily recommend it). Artists have long used hairspray to fix their charcoal drawings or pastel works. It's certainly cheaper than the professional artist's fixative, but hairspray isn't formulated for long term use.
My personal favorites are AK Interactive's pigment fixer and Humbrol's Matte Coat thinned 50/50 with Humbrol thinners. I couldn't tell you which is cheaper, but they both give rock hard protection.