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Frugalcoholic 

A heavy or habitual drinker who is cost-conscious, and thus seeks out beers, wines, spirits, and bars which have exceptional value -- not necessarily the absolute cheapest, but those with real qualitative and/or quantitative “bang for the buck”.
Wild Turkey 101 is good enough to drink neat yet cheap enough to mix, so it really appeals to the frugalcoholic in me …

On Monday night, Charlie’s Taphouse has half-off all draft beer, so all the frugalcoholics will be there.
Frugalcoholic by qwyzykl September 22, 2021
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fralcoholic 

One who only drinks free or bummed alcohol.

One usually becomes a fralcoholic during their second semester of college, after spending all of their money on vodka during their first semester.
Guy: What am I going to do if I run out of money?
Girl: I guess you'll have to become a fralcoholic.
fralcoholic by kruck November 27, 2009
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