DW
Zinc chloride is very soluble in water, and also soluble in polar organic solvents such as ethanol (i.e. meths). The resulting solution is acidic, hence the risk/safety phrases. It is unlikely to be appreciably soluble in nonpolar solvents like parafin or white spirit. If your (local tap) water is very hard you might want to consider using deionised water as alkaline solutions can cause precipitation of ZnO.
Fisher Scientific sell 2 analytical reagent grades (typically > 95%), the cheaper of which is £12.48 for 500 g or £22.36 for 1 kg. If you can get hold of "Reagent Grade" material, with a purity of somewhere around 80 to 90 % it would most likely be a good bit cheaper, and entirely adequate for your intended use.
Delighted to have been able to help.